Elixir, the decentralized consensus network for crypto exchanges, has partnered with tokenization platform Securitize to unlock decentralized finance for Hamilton Lane’s private credit fund.
On January 8 Elixir announced it partnered with Securitize to enable institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, or SCOPE Fund. The fund was launched in July 2024 on Solana (SOL).
Through the partnership, Elixir will serve as the native path to DeFi for SCOPE investors, with the platform offering access through its decentralized stablecoin, the USD.
“Starting Monday, Elixir, in partnership with Securitize, will enable the fund’s institutional asset holders to maintain isolated exposure and access DeFi natively via the USD,” the platform wrote on X.
In November, Securitize ticked in the USD’s real-world asset institutional program when it launched its sToken vaults.
The program improved the functionality, liquidity and configurability of RWAs, allowing holders of Securitize-issued RWAs to leverage USD for liquidity in DeFi. Investors can continue to earn returns from the underlying investments.
Users of the Ethereum-based vaults can invest in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets and access additional opportunities in DeFi using the USD. Elixir’s token acts as the primary currency that powers this decentralized financial experience, without being tied to users’ initial risk exposure.
“theUSD is the only currency that allows institutional holders of RWA assets to use DeFi, without changing their original exposure. Elixir provides native composability by default for assets from BlackRock, Hamilton Lane and others,” Elixir said.
Elixir raised $8 million in its Series B funding round in March 2024.
