Elixir, Securitize Startup DeFi Vault for BlackRock’s BUIDL
Elixir and Securities have partnered to unlock $1 billion in tokenized real-world assets (RWA) to DeFi. The platforms have launched DeFi stores for BlackRock's BUIDL fund with Elixir's decentralized dollar DUSD core for the project.
Elixir, the network that powers the decentralized synthetic dollar DUSD, has partnered with BlackRock's tokenization partner Securities to launch a liquid stock token for tokenized securities.
The partnership seeks to bring billions of dollars of hedged capital into the decentralized financial market, Elixir said in a Nov. 19 announcement.
Introducing Elixir's “deUSD RWA Institutional Program” – a first-ever partnership with Securities
After months of design and $1B+ capital interest, this joint program allows BlackRock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as their primary currency pic.twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Elixir, Securitize Startup DeFi Vault for BUIDL
According to the platform, users will use deUSD to access Blackrock's tokenized fund BUIDL and other RWA assets in the market for DeFi. deUSD will be the main currency of the “deUSD RWA Institutional Program”.
In a statement, Philip Forte, founder and CEO of Elixir, said:
“Elixir is excited to partner with Securities to bring this 0 for 1 innovation to DeFi. The Elixir Network is a purpose-built stack of power exchange order books and DUSD (“decentralized US dollars”). For the first time, owners of real-world assets can use their assets in DeFi onchain, accessing pooled liquidity through DEUSD.
The partnership seeks to use deUSD to unlock the potential for real-world assets that Securitize has invested in DeFi for more than $1 billion. The offering is based on 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, Securitis is pushing a new frontier in DeFi by enabling the use of any real-world asset token issued using the DS protocol,” said Securitis Co-Founder and CEO Carlos Domingo in a 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 said.
The RWA onchain market is currently valued at more than $13 billion, with tokenized US Treasuries worth more than $2.4 billion. On November 19, Bitfinex Securities announced the launch of the first tokenized US T-bill in El Salvador.
