- Elixir and Securitize have partnered to unlock $1 billion in tokenized real-world property (RWA) for DeFi.
- The platform has launched DeFi vaults for BlackRock’s BUIDL fund, which incorporates Elixir’s decentralized greenback deUSD core for the mission.
Elixir, the community powering the decentralized yield-bearing artificial greenback DEUSD, has teamed up with BlackRock’s tokenization associate Securitize to launch a liquid staking token for tokenized securities.
Elixir mentioned in an announcement on Nov. 19 that the partnership seeks to carry billions of {dollars} of gated capital to the decentralized finance market.
Introducing Elixir’s “DUSD RWA Institutional Program” – the primary partnership with Securitize
After months of design and $1B+ of capital curiosity, this joint program permits BlackRock BUIDL and different RWA holders to seamlessly entry DeFi utilizing deUSD as the first foreign money. pic.twitter.com/rbUTNNadYr
– Elixir (@elixir) 19 November 2024
Elixir, Securitize launch DeFi vault for BUIDL
In keeping with the platform, customers will leverage deUSD to entry BlackRock’s token fund BUIDL And different RWA property for DeFi throughout the market. deUSD would be the major foreign money of the “deUSD RWA Institutional Program”.
In a remark, Elixir founder and CEO Philippe Forte mentioned:
“Elixir is happy to associate with Securitize to carry this 0 to 1 innovation to DeFi. Elixir Community is a purpose-built stack powering change orderbooks and DEUSD (“decentralized US {dollars}”). For the primary time, holders of tokenized real-world property can natively leverage their property in DeFi, accessing built-in liquidity by DEUSD.
The collaboration seeks to make use of deUSD to unlock yield-opportunities for the greater than $1 billion of real-world property that Securitize has launched on DeFi. The providing is by way of eToken and the brand new ERC-4626 vault expertise in partnership with Elixir’s “DUSD RWA Institutional Program.”
“With the launch of this revolutionary eToken performance, Securitize is making a breakthrough in DeFi by making it doable to leverage any real-world asset token issued utilizing the DS protocol,” Carlos Domingo, co-founder and CEO of Securitize, mentioned in a press release. Enabling new frontiers.” statement,
“This performance not solely offers liquidity choices but in addition bridges the hole between conventional property and the digital asset economic system, giving traders extra methods to handle and optimize their portfolios,” he mentioned.
The RWA onchain market is presently valued at over $13 billion, whereas tokenized US Treasuries are valued at over $2.4 billion. On November 19, Bitfinex Securites announced Launch of the primary tokenized US T-bill in El Salvador.
