Elixir, Securitize launch DeFi vaults for BlackRock’s BUIDL

• Elixir and Securitize have partnered to unlock $1 billion in tokenized real-world belongings (RWA) to DeFi.
• The platforms have launched DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s decentralized greenback deUSD core to the venture.

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

The partnership seeks to deliver billions of {dollars} in gated capital to the decentralized finance market, Elixir stated in an announcement on Nov. 19.

Introducing Elixir’s “deUSD RWA Institutional Program” – a primary ever 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 forex pic.twitter.com/rbUTNNadYr

— Elixir (@elixir) November 19, 2024

Elixir, Securitize launch DeFi vaults for BUIDL

Based on the platform, customers will leverage deUSD to entry Blackrock’s tokenized fund BUIDL and different RWA belongings for DeFi throughout the market. deUSD would be the major forex of the “deUSD RWA Institutional Program.”

In a remark, Elixir founder & chief government officer Philip Forte stated:

“Elixir is worked up to accomplice with Securitize to deliver this 0 to 1 innovation to DeFi. The Elixir Community is a purpose-built stack powering change 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, accessing unified liquidity by way of deUSD.”

The collaboration seeks to make use of deUSD to unlock yield-opportunities for the over $1 billion actual world belongings that Securitize has issued throughout DeFi. The providing is by way of the sToken and the brand new ERC-4626 vault know-how in partnership with Elixir’s “deUSD RWA Institutional Program.”

“With the launch of this modern sToken performance, 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 & chief government officer Carlos Domingo stated in a press release.

“This performance not solely gives liquidity choices but in addition bridges the hole between conventional belongings and the digital asset economic system, providing buyers extra methods to handle and optimize their portfolios,” he added.

The RWA onchain market is at the moment valued at over $13 billion, whereas tokenized US Treasuries account for over $2.4 billion. On Nov. 19, Bitfinex Securites introduced the launch of the primary tokenized US T-bill in El Salvador.