Injective releases new whitepaper, focusing on institutional-grade finance and tokenization.

October 7 — Injective has released a new version of its whitepaper, the first comprehensive rewrite since the initial version in December 2018. The first version focused on an anti-front-running transaction protocol on Ethereum, while the new version positions Injective as a Layer 1 for institutional-grade finance and asset tokenization, covering the full lifecycle of tokenized assets from issuance and trading to settlement.

The whitepaper introduces a native RWA tokenization mechanism that can set role permissions for minting, sending, receiving, and burning; iAssets, meanwhile, use stablecoin collateral and oracle pricing to provide derivatives that track external assets without wrapping or pre-funding. Tokenized assets trade on a fully on-chain central limit order book, with sealed high-frequency batch auctions in each block clearing at a uniform price, resisting front-running and transaction-ordering MEV. BFT consensus provides deterministic finality, with block times of about 600 milliseconds.

The new version also covers native EVM and WASM sharing the same state, perpetual contract risk management, and AI agent finance. Agents can operate tokenized assets through MCP servers, policy-constrained signatures, and USDC-denominated x402 machine payments. On-chain protocol revenue will flow to regular INJ community buybacks.