Matrixdock Completes Proof Of Reserve Integration to Increase T-Bill Tokenization Transparency

Matrixdock, a platform for digital assets that enables access to real-world assets through tokenization, has announced the completion of the integration of Chainlink Proof of Reserve (PoR) on the Ethereum mainnet. The integration aims to enhance the transparency of Matrixdock’s offering of tokenized Treasury Bills (T-Bills). Matrixdock is a brand owned by Matrixport.

The integration supports Matrixdock’s Short-term Treasury Bill token (STBT), which allows stablecoin holders to gain exposure to US Treasury bond positions that mature within six months, as well as reverse repurchase agreements backed by US Treasury bonds. Chainlink PoR empowers Matrixdock stakeholders to monitor reserves and ensure that its tokenized T-Bill offering is adequately backed by US Treasury bonds.

Tokenization of real-world assets is expected to become a significant theme in the digital asset ecosystem in the coming years, adding trillions of dollars to the market. Cynthia Wu, Chief Operating Officer of Matrixport, expressed excitement about the collaboration with Chainlink, stating that tokenization of real-world assets enriches the range and scale of assets available on the chain as the sector matures.

Image: Matrixport Blog