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Injective Launches Strategic Council With Google Cloud And Deutsche Telekom | Bitcoinist.com
Related Reading: Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key BillsOn Friday, Injective announced the launch of the Injective Council—a strategic body composed of influential leaders from Fortune 500 companies and top Web2 organizations. This council marks a pivotal step in their mission to bring real-world adoption to the blockchain. The group will focus on accelerating institutional integration, driving innovation across DeFi, and guiding the platform’s evolution toward global asset tokenization.
The announcement was met with optimism from the community and investors alike, who see the council as a sign of serious long-term vision. Injective is positioning itself at the intersection of legacy finance and cutting-edge Web3 infrastructure.
Injective: New Era Of Institutional Web3 Integration
The project has taken a bold step toward bridging traditional finance and decentralized innovation with the official launch of the Injective Council. This influential body is composed of elite organizations, including Google Cloud, Deutsche Telekom, BitGo, Republic, Galaxy, NTT Digital, and Korea Digital Asset Custody (KDAC). Together, these founding members bring decades of combined institutional, technological, and financial expertise to shape its future.
Google Cloud brings scalability and infrastructure expertise to power Injective’s next growth phase. Meanwhile, Galaxy and BitGo contribute critical experience in asset management, custody, and tokenization, helping to build a foundation for real-world financial products like tokenized stocks, credit markets, and structured products. Republic and NTT Digital further broaden the Council’s global reach and regulatory perspective, strengthening Injective’s institutional credibility.
The launch of the Injective Council isn’t just a milestone for the protocol—it’s a defining moment for the crypto industry as a whole, signaling that the convergence of traditional finance and blockchain is no longer theoretical.
Related Reading: Avalanche Gets A Privacy Boost: AvaCloud Launches eERC For Confidential Transactions
INJ Price Tests Key Resistance
Injective (INJ) has shown renewed bullish momentum, gaining over 27% since last Wednesday and closing the latest candle at $12.75. The 3-day chart reveals a clean rebound off the red 200-period moving average, which has provided dynamic support for several weeks. This bounce coincides with a surge in trading volume, signaling increasing investor confidence.
Related Reading: Bitcoin HODL Momentum Drops: Long-Term Conviction Builds The convergence of all major moving averages (50, 100, 200) above price highlights that INJ remains in a broader bearish structure. If bulls can reclaim the 50-SMA at $11.06 as support and close above $13 with strong volume, the chart structure would favor a mid-term bullish continuation.
Featured image from Dall-E, chart from TradingView