Digital Asset and Blockchain Institution Galaxy Joins Injective as a Validator

Digital Asset and Blockchain Institution Galaxy Joins Injective as a Validator
Digital Asset and Blockchain Institution Galaxy Joins Injective as a Validator

Galaxy, a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, has officially joined Injective as its latest validator. This will be an invaluable addition to Injective’s leading cohort of global validators that help to secure the proof-of-stake (PoS) Injective network.

Galaxy is a digital asset and blockchain leader providing institutions, startups, and qualified individuals access to the crypto economy. Among its services, Galaxy partners with digital asset builders such as Injective to create infrastructure that supports the integrity of various protocols and ecosystem projects.

Institutional validators such as Galaxy will further help to expand the rapidly growing institutional inflow into the broader Injective ecosystem. Key areas of focus will be on real world asset tokenization, institutional trading and more. In addition to Galaxy, Injective is working with Brevan Howard, Cumberland, IMC and many other major players to create a modern, transparent, and efficient financial system. 

“Injective provides a bespoke infrastructure stack that is ideal for institutional onboarding. We are thrilled to have Galaxy, which is undoubtedly one of the leading institutions in crypto today, join Injective in further developing the network as a whole,” said Injective Labs co-founder and CEO, Eric Chen.

The Injective active validators also help the blockchain to achieve a block time of under 1 second, which makes injective one of the fastest blockchains in history. Injective has processed over 700 million transactions to date since launching its mainnet, making it one of the fastest growing networks today. Some of the largest organizations such as Binance and Ledger are already helping to validate Injective.

“Injective is helping to lay the foundation for the institutional adoption of blockchain technology,” said Zane Glauber, head of Galaxy’s Strategic Opportunities group. “We’re excited to help validate the Injective network as part of our broader efforts to build a deep, diverse digital asset ecosystem.”

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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