- Elixir and Securitize partner to unlock $1 billion in tokenized real-world assets (RWA) for DeFi.
- The platforms have launched DeFi vaults for BlackRock’s BUIDL fund, using Elixir’s decentralized dollar deUSD core for the project.
Elixir, the network that powers the decentralized yield-bearing synthetic dollar USD, has teamed up with BlackRock’s tokenization partner Securitize to launch a liquid staking token for tokenized securities.
The partnership aims to bring billions of dollars of gated capital to the decentralized finance market, Elixir said in a Nov. 19 announcement.
Introducing Elixir’s “deUSD RWA Institutional Program” – a first-ever partnership with Securitize
After months of design and over $1 billion in capital commitment, this joint program provides Blackrock BUIDL and other RWA holders the ability to seamlessly access DeFi with the USD as the primary currency pic.twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Elixir and Securitize Launch DeFi Vaults for BUIDL
According to the platform, users will use theUSD to access Blackrock’s tokenized fund BUIDL and other RWA assets for DeFi across the market. deUSD will be the primary currency of the “deUSD RWA Institutional Program.”
Commenting, Elixir founder and CEO Philip Forte said:
“Elixir is excited to partner with Securitize to bring this 0-to-1 innovation to DeFi. The Elixir Network is a purpose-built stack that powers stock market order books and the USD (“Decentralized US Dollar”). For the first time ever, holders of tokenized real-world assets can use their assets onchain in DeFi, gaining access to unified liquidity via the USD.”
The partnership aims to use theUSD to unlock return opportunities for the more than $1 billion in real-world assets that Securitize has issued through DeFi. The offering is via the sToken and the new ERC-4626 vault technology in collaboration with Elixir’s ‘deUSD RWA Institutional Program’.
“With the launch of this innovative sToken functionality, Securitize is enabling a new frontier in DeFi by making it possible to leverage any Real World Asset token issued using the DS protocol,” said Carlos Domingo, co-founder and CEO of Securitize in one statement.
“This functionality not only provides liquidity options, but also bridges the gap between traditional assets and the digital asset economy, giving investors more ways to manage and optimize their portfolios,” he added.
The RWA onchain market is currently valued at over $13 billion, while tokenized US Treasuries are worth over $2.4 billion. On November 19, Bitfinex Securites announced the launch of the first tokenized US T note in El Salvador.
