The Layer 1 blockchain Injective activated its IIP-677 upgrade to version 1.20.3 on July 29, 2026, after securing approval from 72% of token holders. The centerpiece is Injective Mint, a platform enabling issuers to create tokenized equities and bonds compliant with SEC regulations, backed by an SEC Transfer Agent filing and a MiCA compliance whitepaper covering both US and European frameworks. Injective reports over $6.8 billion in cumulative RWA trading volume as of mid-2026, with approximately $1.1 billion in tokenized asset value on the platform. The earlier Vulcan upgrade reduced transaction fees and introduced native Circle USDC support, eliminating smart contract risks associated with bridged stablecoins.
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