Binance Custody Integrates Injective
Binance Custody has integrated Injective and the native INJ token in order to enable unprecedented institutional access for the Injective ecosystem. With this integration, Binance Custody also introduces its first ever staking feature by enabling staking support for the INJ token.
Binance Custody is a leading institutional-grade digital asset custody solution that features sophisticated cold and hot storage security alongside advanced liquidity solutions for institutions to manage digital assets seamlessly. This integration provides secure custody for the native Injective token (INJ) alongside the ability to support new CW20 tokens launched on the Injective L1. INJ is also the first asset that can be directly staked via Binance Custody, adding new opportunities for institutions to interact with the PoS Injective blockchain.
Injective is an interoperable blockchain for building powerful DeFi & Web3 applications. Injective provides out-of-the-box orderbook and derivatives primitives needed to create mainstream DeFi apps. Smart contract enabled apps on Injective are natively compatible with Ethereum and Cosmos IBC while also being able to achieve instant transaction finality. INJ is the native deflationary scarce asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.
About Binance Custody
Binance Custody is a regulated, compliant, institutional-grade custody infrastructure offering integrated custody solutions that address the security and operational challenges faced by institutions participating in the digital asset economy. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets while also benefiting from its secure gateway to a wide range of liquidity products by way of its connectivity connection to the Binance ecosystem.