The DAT (Digital Asset Treasury) company is the first on-chain entity officially operating on Injective, starting with $SBET from SharpLink Gaming – the company that currently holds the largest $ETH treasury. 👇🏻 Quick summary of this and why it matters: 💡 What is DAT? DAT (Digital Asset Treasury) is a type of token representing ownership of digital assets such as $ETH or $BTC held by organizations or businesses. DAT tokens are typically backed 1:1 by the underlying assets and maintain their original economic value, while also providing the unique benefits of blockchain technology. In the case of $SBET, it allows investors transparent access to SharpLink Gaming's Ethereum treasury. ⚙️ How does $SBET work? Built on Injective's advanced iAssets platform, $SBET transforms the static Ethereum reserves of businesses into dynamic assets that can generate yield and are programmable from day one. Unlike conventional wrapped tokens, iAssets have native programmability, supporting governance, integrated liquidity, and cross-protocol interoperability. This architecture was previously applied when Injective launched Nvidia shares on-chain with 24/7 trading, collateralization, and derivatives. With $SBET, Injective applies these features to DAT, allowing holders to participate in staking, real-time trading, and use it as collateral in DeFi strategies. 👓 Why is $SBET on-chain a breakthrough? In the past month, SharpLink has purchased an additional 176,270 ETH (worth about $463 million), bringing the total ETH held by this company to over $1 billion, all of which is being staked to generate additional yield. Bringing a type of digital asset treasury stock like $SBET on-chain opens up a completely new market model. From the day of its release, it can be used in lending markets, as collateral, participate in derivative products, or be integrated into structured financial products without facing the capital or settlement time barriers of traditional finance. ⚡️ The future of DAT on-chain $SBET provides transparent, direct access to SharpLink Gaming's Ethereum treasury worth over $1 billion, all of which is being staked while unlocking real-time trading capabilities, integration into DeFi, and earning profits from staking. After large-scale ETH purchases and the strong rise in both $ETH and $SBET stock prices, Injective is proving that programmable digital asset treasuries can create higher liquidity and drive innovation across the ecosystem. Injective is connecting corporate finance and DeFi, allowing anyone, anywhere to trade, stake, or build with entirely new digital asset tools without intermediaries. 🚀 @injective is innovating at the forefront of the financial industry #injective #INJ