• Elixir and Securitize have partnered to open up $1 billion price of tokenized real-world belongings (RWA) to DeFi.
• These platforms launched DeFi vaults for BlackRock's BUIDL fund and included Elixir's decentralized greenback deUSD core into their tasks.

Elixir, the community powering the decentralized yield artificial greenback deUSD, has partnered with BlackRock tokenization companion Securitize to launch a liquid staking token for tokenized securities.

Elixir stated in a Nov. 19 announcement that the partnership goals to deliver 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 curiosity, this joint program will enable BlackRock BUIDL and different RWA holders to seamlessly entry DeFi utilizing deUSD as their major forex . pic.twitter.com/rbUTNNadYr

— Elixir (@elixir) November 19, 2024

Launching DeFi vaults for Elixir, Securitize, and BUIDL

In line with 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 essential forex of the “deUSD RWA Institutional Program”.

Philippe Forte, founder and CEO of Elixir, stated in a press release:

“Elixir is worked up to companion with Securitize to deliver this 0:1 innovation to DeFi. Elixir Community is a devoted It's a stack. For the primary time ever, holders of tokenized real-world belongings can use their belongings natively on-chain in DeFi and entry unified liquidity through deUSD. ”

The partnership goals to leverage deUSD to unlock income alternatives for the over $1 billion of real-world belongings that Securitize has issued throughout DeFi. This providing might be made through sToken and new ERC-4626 vault know-how in partnership with Elixir's “deUSD RWA Institutional Program.”

“With the launch of this modern sToken characteristic, Securitize permits a brand new frontier in DeFi by making it doable to leverage real-world asset tokens issued utilizing the DS protocol,” stated Securitize co-founder CEO and CEO Carlos Domingo stated in a press release. .

“This characteristic not solely supplies liquidity choices, but additionally bridges the hole between conventional belongings and the digital asset financial system, giving buyers extra methods to handle and optimize their portfolios.” he added.

The RWA on-chain market is presently valued at over $13 billion, with tokenized US Treasuries accounting for over $2.4 billion. On November nineteenth, Bitfinex Securites introduced the issuance of the primary tokenized US tax in El Salvador.