TechFlow news, on July 25, according to The Block, blockchain project Injective announced the tokenization of SBET stock—the Ethereum staking firm founded by Joe Lubin—on-chain, creating the "first tokenized digital asset treasury" (DAT). Leveraging Injective's iAssets framework, this initiative transforms static corporate Ethereum reserves into yield-generating on-chain instruments, enabling functionalities such as lending markets, collateralization, and derivatives. SharpLink currently holds approximately $1.3 billion worth of Ethereum (360,807 ETH), making it the second-largest Ethereum staking firm.
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