In a new video interview with Chainlink Today, Austin Przybysz, co-founder of Instruxi, explained how the decentralized data management platform is leveraging Chainlink to bring the next wave of tokenized real-world assets (RWAs) into the hands of everyday consumers.
“RWAs are significant to the larger ecosystem because RWAs break down the barrier between the average person on the street that can consume these complex finance products and the bankers and the financiers of the world,” Przybysz explained. “RWA is aimed at allowing the individual person to tokenize their property, tokenize their car, and tokenize their identity.”
Last year, Instruxi joined the Chainlink Build program to gain enhanced access to Chainlink’s essential infrastructure and technical support. Soon after, the platform launched Instruxi Mesh ID, a privacy-preserving identity solution which uses Chainlink Functions and Chainlink Automation to simplify RWA access for over 22 million U.S. residents.
Earlier this year, Instruxi integrated Functions and Proof of Reserve (PoR) into its Space and Time (SxT) Adapter and Beacon Functions Contract to further accelerate enterprise adoption of web3 applications and RWAs.
“We use trust-minimized tools like Chainlink, Space and Time, and some of the other Build partners to essentially ensure that an attestation offchain gets put onchain in an atomic way,” Przybysz explained.
He described Chainlink’s decentralized oracle infrastructure as both the connective tissue and the security buffer that allows consumers to seamlessly interact with all of their assets onchain.
“One of the things that we use Chainlink for is ensuring that the asset has a golden thread between its offchain artifacts and data and its onchain representation, its token representation,” he said.
This ensures the onchain asset is inextricably linked to the offchain asset it represents.
Instruxi is focused on building a framework that integrates with traditional financial systems to streamline the process of tokenizing compliant RWAs.
“I think folks nowadays think that participating in crypto means you have to leave behind and abandon the rules and regulations that traditional finance has set in place,” he said.
“We don’t want to leave rules and regulations open to interpretation. So our toolkit, paired with Chainlink and all of these trust-minimized technologies, is actually really focused on adhering to those rules and regulations so our customers don’t have to leave those behind when they come to deploy their asset onchain.”
To learn more about Instruxi, visit their website, X, Discord, and GitHub.
Watch the full interview.