Elixir and Securitize have partnered to open up $1 billion worth of tokenized real-world assets (RWA) to DeFi. These platforms launched DeFi vaults for BlackRock's BUIDL fund and incorporated Elixir's decentralized dollar deUSD core into their projects.
Elixir, the network powering the decentralized yield synthetic dollar deUSD, has partnered with BlackRock tokenization partner Securitize to launch a liquid staking token for tokenized securities.
Elixir said in a Nov. 19 announcement that the partnership aims to bring billions of dollars in gate capital to the decentralized finance market.
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 primary currency pic .twitter.com/rbUTNNadYr
— Elixir (@elixir) November 19, 2024
Launching DeFi vaults for Elixir, Securitize, and BUIDL
According to the platform, users will leverage deUSD to access BlackRock's tokenized fund BUIDL and other RWA assets for DeFi across the market. deUSD will be the main currency of the “deUSD RWA Institutional Program”.
Philippe Forte, founder and CEO of Elixir, said in a statement:
“Elixir is excited to partner with Securitize to bring this 0:1 innovation to DeFi. Elixir Network is a dedicated It's a stack. For the first time ever, holders of tokenized real-world assets will be able to use their assets natively on-chain in DeFi and access consolidated liquidity via deUSD. ”
The partnership aims to leverage deUSD to unlock revenue opportunities for the over $1 billion in real-world assets that Securitize has issued across DeFi. This offering will be made via sToken and new ERC-4626 vault technology in partnership with Elixir's “deUSD RWA Institutional Program.”
“With the launch of this innovative sToken feature, Securitize enables a new frontier in DeFi by making it possible to leverage real-world asset tokens issued using the DS protocol,” said Securitize co-founder CEO and CEO Carlos Domingo said in a statement. .
“This feature 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 added.
The RWA on-chain market is currently valued at over $13 billion, with tokenized US Treasuries accounting for over $2.4 billion. On November 19th, Bitfinex Securites announced the issuance of the first tokenized US tax in El Salvador.
