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Matrixdock Integrates Multiple Chainlink Services

Twitter icon  •  Published 7 months ago on May 30, 2024  •  Hassan Maishera

Chainlink announced via a blog post on Wednesday that Matrixdock has integrated Chainlink Data Feeds, CCIP, and Proof of Reserve.

Matrixdock Integrates Multiple Chainlink Services

Chainlink announced via a blog post on Wednesday that Matrixdock has integrated Chainlink Data Feeds, CCIP, and Proof of Reserve. With these integrations, 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 on holders’ STBT balances.

Matrixdock leverages Chainlink’s 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).

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 2% over the past 24 hours and is trading at $18.663 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.