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Matrixdock Is Now All-In on Chainlink’s Tokenized RWA infrastructure

May 29, 2024
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Matrixdock Is Now All-In on Chainlink’s Tokenized RWA infrastructure

Matrixdock is now all-in on Chainlink’s tokenized RWA infrastructure. By integrating Chainlink Data Feeds, CCIP, and Proof of Reserve, Matrixdock is enhancing the utility and liquidity of its Short-term Treasury Bill Token (STBT). STBT enables holders to earn yields from U.S. Treasury securities and reverse repos. Pegged 1:1 to USD, interest earned through STBT is rebased daily to holders’ STBT balances.

Matrixdock leverages Chainlink’s industry-standard solutions, including Data Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR) to address critical challenges in the tokenized asset space and unlock the potential of tokenized real-world assets (RWAs).

Matrixdock has pioneered a new era in finance by leading the industry in the transparency of RWA tokens. The Short-Term Treasury Bill token (STBT) is fully backed by short-term Treasury bills and pegged 1:1 to the USD, providing qualified investors with on-chain risk-free returns from US Treasury securities. STBT grants users daily access to underlying asset data and is overseen by a transparent committee of industry leaders as a third-party supervisor to review STBT's underlying asset reports. Additionally, Chainlink Proof of Reserve (PoR) provides real-time on-chain verification of collateral value, further enhancing the transparency of STBT across multiple dimensions.

Tackling Key Tokenized Asset Challenges with Chainlink

Matrixdock’s integration with Chainlink addresses three core challenges of tokenized assets: the data problem, the liquidity problem, and the synchronization problem.

The Data Problem

Tokenized assets need to be enriched with real-world information and data that is necessary for the tokenized asset to come into existence, such as market pricing, reference data, and proof of reserves.

Chainlink Proof of Reserve (PoR) provides a way for organizations to boost the transparency of their operations through definitive onchain proof of any asset’s true collateralization. Matrixdock brings STBT’s underlying asset information onchain by verifying data through third-party auditors and feeding it to Chainlink’s decentralized oracle network. Additionally, the composable nature of Chainlink Proof of Reserve enables a circuit-breaker mechanism, where no excess supply of tokens can be minted past the collateral value relayed by Chainlink PoR.

The Liquidity Problem

In order to gain adoption and liquidity across chains, tokenized assets require highly secure and reliable cross-chain interoperability. This is especially important given the large amounts of RWA tokens held by institutional clients—the interoperability solution has to provide the highest security standards while having efficient connectivity.

Matrixdock has integrated Chainlink CCIP, the only interoperability solution with level-5 cross-chain security, as the trusted and proven standard to bridge STBT between Ethereum and Arbitrum, expanding the reach of STBT to a new market of DeFi protocols and users.

The Synchronization Problem

Once tokenized assets are in circulation, it’s vital to keep all associated data synchronized across different blockchains. This includes price data, Net Asset Value (NAV), identity information, proof of reserves, and more. Chainlink is the only solution that includes both reliable offchain data connectivity and secure cross-chain interoperability in one platform, making Chainlink the only enabler of a unified golden record across chains.

Benefits of the Integration of Chainlink’s Tokenized RWA Infrastructure

By integrating Chainlink Data Feeds, CCIP, and Proof of Reserve, Matrixdock is able to further its tokenized real-world asset initiatives:
  • Accelerating time-to-market by leveraging Chainlink’s scalable infrastructure when expanding into any new tokenized assets on any blockchain.
  • Accessing global liquidity with cross-chain interoperability, connecting Matrixdock’s protocol with the entire economy of onchain and offchain assets.
  • Building on Chainlink’s battle-tested infrastructure, which provides a track record of reliability and is trusted by the world’s largest financial institutions.

Looking Ahead: Innovating in the Tokenized RWA Space

Matrixdock and Chainlink are redefining new onchain RWA standards and creating new frontiers for tokenized assets. We are working towards tackling the toughest infrastructure problems of onchain RWAs and helping to pioneer the sector’s push towards widespread adoption.

In summary, the integration of Chainlink’s tokenized RWA infrastructure into Matrixdock is a major step forward in making tokenized real-world assets more secure, reliable, and accessible. Matrixdock’s integration with Chainlink’s essential infrastructure for tokenized assets, including Data Feeds, CCIP, and Proof of Reserve, is paving the way for the next generation of onchain products and services.