- Elixir and Securitize have partnered to release $1 billion in tokenized real-world belongings (RWA) to DeFi.
- The platforms have introduced DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s decentralized greenback deUSD core to the undertaking.
Elixir, the community powering the decentralized yield-bearing artificial greenback deUSD, has teamed up with BlackRock’s tokenization spouse Securitize to release a liquid staking token for tokenized securities.
The partnership seeks to deliver billions of bucks in gated capital to the decentralized finance marketplace, Elixir mentioned in a statement on Nov. 19.
Introducing Elixir’s “deUSD RWA Institutional Program” – a primary ever partnership with Securitize
After months of design and $1B+ of capital hobby, this joint program permits Blackrock BUIDL and different RWA holders to seamlessly get admission to DeFi the use of deUSD as the main forex percent.twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Elixir, Securitize release DeFi vaults for BUIDL
In line with the platform, customers will leverage deUSD to get admission to Blackrock’s tokenized fund BUIDL and different RWA belongings for DeFi around the marketplace. deUSD would be the number one forex of the “deUSD RWA Institutional Program.”
In a remark, Elixir founder & leader govt officer Philip Uniqueness mentioned:
“Elixir is worked up to spouse with Securitize to deliver this 0 to one innovation to DeFi. The Elixir Community is a purpose-built stack powering trade 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, gaining access to unified liquidity by means of deUSD.”
The collaboration seeks to make use of deUSD to release yield-opportunities for the over $1 billion genuine international belongings that Securitize has issued throughout DeFi. The providing is by means of the sToken and the brand new ERC-4626 vault generation in partnership with Elixir’s “deUSD RWA Institutional Program.”
“With the release of this cutting edge sToken capability, Securitize is enabling a brand new frontier in DeFi by way of making it conceivable to leverage any Actual Global Asset token issued the use of the DS Protocol,” Securitize co-founder & leader govt officer Carlos Domingo mentioned in a remark.
“This capability now not best supplies liquidity choices but additionally bridges the space between conventional belongings and the virtual asset economic system, providing traders extra techniques to control and optimize their portfolios,” he added.
The RWA onchain marketplace is recently valued at over $13 billion, whilst tokenized US Treasuries account for over $2.4 billion. On Nov. 19, Bitfinex Securites introduced the release of the primary tokenized US T-bill in El Salvador.