Gulf Labs, the blockchain division of Thailand’s GULF Group, became an institutional validator on the Injective network on October 6, 2026. The company bonded approximately 500,000 INJ tokens to secure the network and participate in governance. GULF Group, with a market cap of roughly $27 billion, operates in energy with over 24 GW of capacity and telecommunications with over 46 million mobile subscribers. Injective and Gulf Labs plan to collaborate on tokenization, stablecoins and financial education within Thailand’s financial ecosystem. As of mid-October 2026, Injective had tokenized over $1 billion in real-world assets.
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