Meridian is live on Injective, and it could change how $INJ is used across onchain finance.

The IIP-701 upgrade passed with around 99% support from stakers and went live on September 24 as version v1.20.4.
One of the biggest changes is regulated tokenized assets.
Issuers can now add rules like who can hold an asset and how it can be transferred directly into the token.
This gives @injective a way to support tokenized stocks and other real-world assets with compliance built into the asset itself.
Meridian also brings assets closer to Injective’s native markets.
EVM apps can access Injective’s liquidity and settlement system, making it easier for tokenized assets to be issued, traded and settled across the network.
Then there is privacy.
Meridian starts testing private RFQ markets, where institutions can ask selected market makers for prices without showing large orders on a public orderbook.
This is the early step toward CypherOS, Injective’s planned privacy platform.
The upgrade also improves market execution, risk controls and oracle reliability.
Some parts of the teaser are still coming, including the full CypherOS release and the bigger $INJ expansion Injective has hinted at.
So Meridian is not just another network upgrade.
It is pushing Injective toward a place where regulated assets, trading and private institutional activity can work together onchain.
And $INJ is becoming more connected to every part of that system.