- Instruxi has announced its canonical participation in the ChainlinkBUILD program, marking an important milestone for the two projects.
- Leveraging Chainlink’s Oracle program, this collaboration aims to accelerate the growth and adoption of tokenized assets.
Intruxi has joined Chainlink’s BUILD program with the sole purpose of improving the growth and adoption of tokenized assets by leveraging Chainlink’s Oracle services and technical support.
🏗️ #ChainlinkBUILD 🏗️
.@instruxi joins Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support, which help support the security and usage of their tokenized assets platform.
In return, Instruxi will earn 4% of its total… pic.twitter.com/nicEe5QUwe
— Chainlink (@chainlink) July 8, 2024
In context, Instruxi has been part of Chainlink. By using Chainlink’s Oracle solutions to strengthen the secure interaction of its smart contracts with off-chain data. Using Chainlink’s special features, Instruxi can now leverage secure tokenized identity information. Additionally, the use of Chainlink’s Proof of Reserve (PoR) ensures that assets in the chain are not under-collateralized, strengthening transparency and trust.
We are excited to participate in the Chainlink BUILD program, which will enhance our integration with Chainlink’s industry-standard services. This collaboration allows us to create versatile tokenized RWA solutions while maintaining seamless connections to original data sources for asset verification. Mathew Harowing, CEO of Instrixu, stated.
Worth noting that Instruxi is officially joining Chainlink, which means it will gain a deeper union with Chainlink and therefore gain a handful of benefits, including dedicated support to the Chainlink ecosystem, ensuring Instruxi gets quick help when needed.
Another benefit that comes in handy with this official participation in the BUILD program is that BUILD enables seamless integration with decentralized applications (dApps) that require smooth interaction with off-chain systems.
Not to mention that the program encourages a friendly work environment where Chainlink and the Instruxi communities can build together.
Instruxi is on a sole mission to revolutionize the way assets are tokenized. Eliminating the Software Development Kits for a complete solution for real-world assets (RWAs), this upgrade will support enterprise-level token standards such as ERC-3643, integrate off-chain identities, and implement comprehensive rulesets.
In addition to the simplicity of onboarding, this easy-to-use platform will include features such as easy business integration, verified identities, a smooth onboarding process, one-click deployment, and robust workflow tools.
Instruxi also sees a world where customers will thrive in the digital asset economy. This will be made possible by Instruxi’s library of smart contracts and API backends that enable the tokenization of virtually any asset, as long as it can be digitized. The platform prioritizes minimizing trust, zero-knowledge proofs and rapid market deployment, enabling deployments in hours or days instead of months or years.
By working together with Chainlink, instruxi wants to make optimal use of the security and reliability of Chainlink. As previously reported on CNF, Chainlink is best known for its robust security via Chainlink CCIP. This partnership gives Instruxi access to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for seamless cross-chain token transfers, as well as early access to new product releases.
At the same time, Instruxi plans to allocate 4% of its native token supply to Chainlink service providers, including stakers. This will play a major role in achieving major economic milestones between the two communities.
Following this new revelation, LINK will change ownership $13.06 marking a 2.85% decrease in the last 24 hours.