Today, Instruxi, an innovative decentralized data management platform, along with Chainlink, the industry-standard decentralized computing platform; CLEAR, an identity verification platform serving over 25 million users; and Space and Time, a decentralized data warehouse for blockchain applications, unveiled the Instruxi Mesh ID – a cutting-edge, privacy-preserving identity solution that streamlines access to tokenized real-world assets (RWAs) for over 22 million U.S. residents.
Now in closed beta, Instruxi Mesh ID is the inaugural module of Instruxi’s RWA platform, which leverages CLEAR’s API to streamline the KYC process without sacrificing security or privacy. This makes it easier for U.S. market participants to access onchain financial products in compliance with local regulations.
RWAs are blockchain-based tokens that represent physical or traditional financial assets, such as cash, debt, securities, commodities, and real estate. Because tokenized assets confer new opportunities such as fractionalization and programmability alongside better liquidity, transparency, and risk management, the space is projected to reach $10 trillion by 2030.
Instruxi will initially offer tokenized real estate to its closed beta users, with plans to expand into additional asset classes as the platform evolves towards its full release.
Having enabled over $16 trillion in transaction value through a comprehensive suite of oracle services, Chainlink is at the forefront of asset tokenization’s $867 trillion market opportunity. To enable frictionless integration with enterprise systems, Instruxi Mesh ID utilizes Chainlink Functions to access real-world data from APIs and Chainlink Automation for programmable, scalable, cost-efficient operations.
“This collaboration opens the door for millions more users to seamlessly access RWAs through widely adopted identity platforms like CLEAR,” said William Reilly, Global Head of CeFi at Chainlink Labs. “Instruxi’s solution, leveraging the Chainlink platform, has the potential to play an important role in bringing seamless, secure, and transparent identity and KYC technology to tokenized assets.”
Instruxi Mesh ID also utilizes Space and Time’s zero-knowledge database, which allows users to prove aspects of their data and identity without revealing sensitive information onchain.
“Space and Time delivers the infrastructure for secure, transparent, and verifiable data access,” said Stephen Hilton, Head of Solutions at Space and Time. “We’re excited to work with Instruxi to unlock new RWA solutions, enhance accessibility for millions of users and pave the way for a more secure digital future.”
To learn more about Instruxi, visit their website, X, Discord, and GitHub.