Elixir and Securitize Partner to Unlock $1 Billion in Tokenized Real-World Assets for DeFi
Elixir, the network behind the decentralized yield-bearing synthetic dollar deUSD, has joined forces with Securitize, BlackRock’s tokenization partner, to introduce a liquid staking token for tokenized securities. This collaboration aims to bring billions of dollars in restricted capital to the decentralized finance (DeFi) market, as announced by Elixir on November 19.
The partnership has launched DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s deUSD core serving as the backbone of the project. Users will be able to utilize deUSD to access BlackRock’s tokenized fund BUIDL and other tokenized real-world assets for DeFi investments. deUSD will act as the primary currency within the “deUSD RWA Institutional Program.”
Philip Forte, the founder and CEO of Elixir, expressed his excitement about the partnership with Securitize, stating, “Elixir is thrilled to collaborate with Securitize to introduce this groundbreaking innovation to DeFi. The Elixir Network, with its purpose-built stack supporting exchange orderbooks and deUSD, allows holders of tokenized real-world assets to seamlessly utilize their assets on-chain in DeFi, accessing unified liquidity through deUSD.”
Through the new ERC-4626 vault technology and the sToken offering, the collaboration aims to unlock yield opportunities for over $1 billion worth of real-world assets tokenized by Securitize. This move marks a significant milestone in bridging traditional assets with the digital asset economy, providing investors with more avenues to manage and optimize their portfolios.
Carlos Domingo, co-founder and CEO of Securitize, highlighted the transformative impact of the sToken functionality in DeFi, stating, “With the launch of this innovative sToken functionality, Securitize is enabling a new frontier in DeFi by enabling the leverage of any Real World Asset token issued using the DS Protocol.”
The on-chain market for tokenized real-world assets is currently valued at over $13 billion, with tokenized US Treasuries accounting for more than $2.4 billion. Recently, Bitfinex Securities announced the launch of the first tokenized US T-bill in El Salvador on November 19.
In conclusion, the partnership between Elixir and Securitize represents a significant step towards unlocking the vast potential of tokenized real-world assets for the DeFi market, creating new opportunities for investors to participate in the evolving digital asset landscape.
