Investment company Canary Capital made a request for S-1 on Thursday for a stock exchange fund (ETF) with the United States Securities and Exchange Commission (SEC).
INJ is the governance, jealous and utility token for the injective protocol, a layer 1 blockchain network focused on decentralized financing operations (DEFI).
One of the main objectives of the fund is to accumulate implementation rewards by providing validation services using an “approved implementation platform”, indicates the file.
Canary Capital formed a Delaware trust for sound injective ETF in June, to switch plans for the Altcoin investment vehicle. The application marks the latest ETF Altcoin dossier in the United States.
The application also reflects the convergence of traditional and decentralized finance (DEFI). This trend has accelerated following the directives of the SEC classifying implementation rewards such as income and not transactions in terms of securities subject to capital gains, opening the door to asset managers to act as validators through delegated stimulation.
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The line between tradfi and blurred deffi, polarizing the cryptographic community
Traditional and decentralized finances are transformed into a unified sector, according to Nelli Zaltsman, responsible for the innovation for Blockchain Payments at Kinexys, a real active tokenization platform launched by the banking giant JPMorgan.
Zaltzman told the public of the RWA 2025 summit in Cannes, France, that the separation between the two funding areas could disappear in a few years.
This convergence between digital and traditional finances also opens up opportunities for retail investors to access previously inaccessible investments, including investment capital, blurring the border between accredited investors and detail, said Coinfund president, Christopher Perkins, Cointelegraph.
Other cryptographic investors have argued that the merger of the two sectors was inevitable and that mass adoption will go through the merger of the two worlds. However, everyone in the cryptographic community is not convinced by this positive perspective.
“Institutions and FNBs are bad for the crypto,” wrote the investor Nick Rose on X. “Everyone applauds entries as if it were free money, but Wall Street does not hodl, they cover, turn and pour when the risk models say” outing “”
“The institutions manage the exhibition, the profits, the rebalancing portfolios, etc. The crypto has not been built for quarterly reports,” he said.
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