Overview

• Injective’s pre-IPO markets are live with perpetual derivatives that offer up to 5x leverage on private-company valuations.
• OpenAI is the first listing and is available for trading on Helix, the decentralized exchange built on the Injective network.
• The pricing framework uses Seda Protocol’s decentralized oracle infrastructure and Caplight’s private-market data to derive reference prices.
• Access is positioned as permissionless for eligible jurisdictions, with service unavailable to users in the United States, United Kingdom, and Canada due to regulatory restrictions.
• Injective plans to add companies including SpaceX, Anthropic, Perplexity, Notion, xAI, Revolut, Airtable, and Monzo in October, and it cites $1 billion in 30-day RWA perp trading as early demand.