- Elixir and Securitize have partnered to unlock $1 billion in real-world tokenized property (RWA) for DeFi.
- The platforms have launched DeFi vaults for BlackRock's BUIDL fund, with Elixir's decentralized USD core for the venture.
Elixir, the community powering the USD-yielding decentralized artificial greenback, has teamed up with BlackRock's tokenization accomplice Securitize to launch a liquid staking token for tokenized securities.
The partnership goals to convey billions of {dollars} of safe capital to the decentralized finance market, Elixir mentioned in a press release on November 19.
Introducing Elixir’s “Institutional USD RWA Program” – a first-ever partnership with Securitize
After months of design and over $1 billion in fairness curiosity, this joint program permits Blackrock BUIDL and different RWA holders to seamlessly entry DeFi utilizing deUSD as their major foreign money. pic.twitter.com/rbUTNNadYr
– Elixir (@elixir) November 19, 2024
Elixir and Securitize launch DeFi vaults for BUIDL
Relying on the platform, customers will mine deUSD to entry Blackrock's tokenized fund, BUIDL, and different RWA property for DeFi available on the market. deUSD would be the primary foreign money of the “institutional deUSD RWA program”.
In a remark, Elixir founder and CEO Philip Forte mentioned:
“Elixir is happy to accomplice with Securitize to convey this 0-to-1 innovation to DeFi. The Elixir Community is a stack particularly designed to energy alternate order books and deUSD (“decentralized US greenback”). For the primary time ever, holders of real-world tokenized property can natively use their on-chain property in DeFi, accessing unified liquidity through deUSD.
The collaboration goals to make use of deUSD to unlock yield alternatives for the greater than $1 billion in real-world property that Securitize has issued through DeFi. The providing is through sToken and new ERC-4626 vault know-how in partnership with Elixir’s “institutional deUSD RWA program”.
“With the launch of this revolutionary sToken function, Securitize is opening a brand new frontier in DeFi by making it attainable to mine any real-world asset token issued utilizing the DS protocol,” mentioned the co-founder and CEO of Securitize, Carlos Domingo, in a press release. .
“This function not solely supplies liquidity choices, but in addition bridges the hole between conventional property and the digital asset financial system, giving traders extra methods to handle and optimize their portfolios,” he added .
The RWA chain market is at the moment valued at over $13 billion, whereas tokenized US Treasuries are value over $2.4 billion. On November 19, Bitfinex Securites introduced the launch of the primary tokenized US Treasury bond in El Salvador.
