- Elixir and Securitize have partnered to unlock $1 billion in tokenized real-world belongings (RWA) to DeFi.
- The platforms have launched DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s decentralized greenback deUSD core to the venture.
Elixir, the community powering the decentralized yield-bearing artificial greenback deUSD, has teamed up with BlackRock’s tokenization associate Securitize to launch a liquid staking token for tokenized securities.
The partnership seeks to convey billions of {dollars} in gated capital to the decentralized finance market, Elixir mentioned in an announcement on Nov. 19.
Introducing Elixir’s “deUSD RWA Institutional Program” – a primary ever partnership with Securitize
After months of design and $1B+ of capital curiosity, this joint program permits Blackrock BUIDL and different RWA holders to seamlessly entry DeFi utilizing deUSD as the first foreign money pic.twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Elixir, Securitize launch DeFi vaults for BUIDL
In line with the platform, customers will leverage deUSD to entry Blackrock’s tokenized fund BUIDL and different RWA belongings for DeFi throughout the market. deUSD would be the main foreign money of the “deUSD RWA Institutional Program.”
In a remark, Elixir founder & chief govt officer Philip Forte mentioned:
“Elixir is worked up to associate with Securitize to convey this 0 to 1 innovation to DeFi. The Elixir Community is a purpose-built stack powering alternate orderbooks and deUSD (“Decentralized US Greenback”). For the primary time ever, holders of tokenized real-world belongings can natively use their belongings onchain in DeFi, accessing unified liquidity by way of deUSD.”
The collaboration seeks to make use of deUSD to unlock yield-opportunities for the over $1 billion actual world belongings that Securitize has issued throughout DeFi. The providing is by way of the sToken and the brand new ERC-4626 vault expertise in partnership with Elixir’s “deUSD RWA Institutional Program.”
“With the launch of this progressive sToken performance, Securitize is enabling a brand new frontier in DeFi by making it potential to leverage any Actual World Asset token issued utilizing the DS Protocol,” Securitize co-founder & chief govt officer Carlos Domingo mentioned in a press release.
“This performance not solely gives liquidity choices but in addition bridges the hole between conventional belongings and the digital asset financial system, providing traders extra methods to handle and optimize their portfolios,” he added.
The RWA onchain market is at the moment valued at over $13 billion, whereas tokenized US Treasuries account for over $2.4 billion. On Nov. 19, Bitfinex Securites introduced the launch of the primary tokenized US T-bill in El Salvador.
