Elixir, Sekuritize Launches DeFi Vaults for BlackRock's BUIDL

• Elixir and Securitize have partnered to unlock $1 billion in tokenized real-world property (RWA) for DeFi firms.
• Platforms Launched DeFi Vaults for BlackRock's BUIDL Fund with DeUSD Elixir Decentralized Core within the Venture.

Elixir, the community powering the decentralized revenue-bearing artificial greenback deUSD, has teamed up with tokenization accomplice BlackRock Securitize to launch a liquid staking token for tokenized securities.

The partnership seeks to carry billions of {dollars} in captive capital to the decentralized monetary market, Elixir mentioned in a Nov. 19 announcement.

Introducing Elixir's “deUSD RWA Institutional Program” – the primary ever partnership with Securitize

After months of design and $1 billion in capital curiosity, this joint Blackrock program permits BUIDL and different RWA holders seamless entry to DeFi utilizing deUSD as the first forex. pic.twitter.com/rbUTNNadYr

— Elixir (@elixir) November 19, 2024

Elixir, Sekuritize Launches DeFi Vaults for BUIDL

In keeping with the platform, customers will use deUSD to entry Blackrock's tokenized BUIDL pool and different RWA property for DeFi throughout the market. DeUSD would be the major forex of the “deUSD RWA Institutional Programme”.

Philip Forte, founder and chief government of Elixir, commented:

“Elixir is happy to accomplice with Securitize to carry this 0:1 innovation to DeFi. The Elixir community is a purpose-built stack that powers the alternate's order books and deUSD (“decentralized US greenback”). For the primary time ever, holders of real-world tokenized property can natively use their on-chain property in DeFi and entry unified liquidity by way of deUSD.”

The collaboration seeks to make use of deUSD to unlock income alternatives for greater than $1 billion in real-world property that Securitize has issued by DeFi. The providing is carried out by way of sToken and the brand new ERC-4626 escrow know-how in collaboration with Elixir's “institutional deUSD RWA program”.

“With the launch of this revolutionary sToken characteristic, Securitize is enabling a brand new frontier in DeFi by making it potential to leverage any Actual World Asset token issued utilizing the DS protocol,” Securitize co-founder and CEO Carlos Domingo mentioned in an announcement. .

“This characteristic not solely offers liquidity choices, but in addition bridges the hole between conventional property and the digital asset financial system, providing traders extra methods to handle and optimize their portfolios,” he added.

The RWA onchain market is at present valued at greater than $13 billion, whereas tokenized US Treasuries account for greater than $2.4 billion. On November 19, Bitfinex Securities introduced the launch of the primary tokenized US Treasury invoice in El Salvador.