- Elixir and Securitize have partnered to secure $1 billion in tokenized real-world assets (RWA) in DeFi.
- The platform launched a DeFi vault for BlackRock’s BUIDL fund and used Elixir’s decentralized dollar deUSD core for the project.
Elixir, the network behind the deUSD decentralized yield synthetic dollar, has teamed up with BlackRock’s tokenization partner Securitize to launch a liquid staking token for tokenized securities.
Elixir said in a November 19 announcement that it aims to bring billions of dollars of gated capital to decentralized finance markets through this partnership.
Introducing Elixir’s “deUSD RWA Institutional Program,” our first partnership with Securitize.
After months of design and over $1 billion in capital interest, this joint program will allow Blackrock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as the base currency. pic.twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Elixir, Securitize launch DeFi Vault for BUIDL
According to the platform, users will utilize deUSD to access Blackrock’s tokenized fund BUIDL and other RWA assets for DeFi across markets. deUSD will be the default currency for the “deUSD RWA Institutional Program”.
Elixir founder and CEO Philip Forte said in a commentary:
“Elixir is excited to partner with Securitize to bring 0-to-1 innovation to DeFi. The Elixir Network is a purpose-built stack to support exchange order books and deUSD (“decentralized US dollar”). For the first time ever, holders of tokenized real-world assets can natively use their assets on-chain in DeFi and access integrated liquidity through deUSD.”
This collaboration seeks to use deUSD to open yield opportunities on the over $1 billion in real assets issued by Securitize across DeFi. This service is provided through sTokens and the new ERC-4626 vault technology in partnership with Elixir’s “deUSD RWA Institutional Program”.
“With the launch of this innovative sToken feature, Securitize is enabling a new frontier in DeFi by allowing you to leverage any real-asset token issued using the DS protocol,” said Carlos Domingo, co-founder and CEO of Securitize, in a statement. . .
“This feature not only provides liquidity options, but also bridges the gap between traditional and digital asset economies, giving investors more ways to manage and optimize their portfolios,” he added.
The RWA on-chain market is currently valued at over $13 billion, with tokenized US Treasury bonds accounting for over $2.4 billion. On November 19, Bitfinex Securites announced the first tokenized U.S. Treasury bond issuance in El Salvador.