Elixir and Securitize have joined forces to unleash $1 billion in tokenized real-world assets (RWA) into the decentralized finance (DeFi) space. This collaboration has led to the launch of DeFi vaults for BlackRock’s BUIDL fund, with Elixir’s decentralized dollar deUSD playing a central role in the project.
Elixir, known for powering the decentralized yield-bearing synthetic dollar deUSD, has partnered with Securitize, BlackRock’s tokenization partner, to introduce a liquid staking token for tokenized securities. The aim of this partnership is to introduce billions of dollars in locked-up capital to the DeFi market, as announced by Elixir on Nov. 19.
Users will be able to utilize deUSD to access BlackRock’s tokenized fund BUIDL and other RWA assets for DeFi purposes across the market. deUSD will serve as the primary currency for the “deUSD RWA Institutional Program.”
Philip Forte, the founder and CEO of Elixir, expressed his excitement about the partnership with Securitize, stating that Elixir is dedicated to bringing groundbreaking innovation to DeFi. The Elixir Network, designed to power exchange orderbooks and deUSD, enables holders of tokenized real-world assets to seamlessly utilize their assets onchain in DeFi for the first time. This access to unified liquidity via deUSD is a significant step forward for the industry.
The collaboration between Elixir and Securitize aims to leverage deUSD to unlock yield opportunities for the over $1 billion in real-world assets that Securitize has issued across DeFi. This will be facilitated through the sToken and the new ERC-4626 vault technology, in partnership with Elixir’s “deUSD RWA Institutional Program.”
Carlos Domingo, the co-founder and CEO of Securitize, highlighted the innovative sToken functionality that enables the leveraging of any Real World Asset token issued using the DS Protocol. This functionality not only provides liquidity options but also bridges the gap between traditional assets and the digital asset economy, offering investors more ways to manage and optimize their portfolios.
The onchain market for RWAs is currently valued at over $13 billion, with tokenized US Treasuries accounting for over $2.4 billion. Recently, Bitfinex Securities announced the launch of the first tokenized US T-bill in El Salvador on Nov. 19.
This collaboration between Elixir and Securitize marks a significant milestone in the DeFi space, unlocking new possibilities for tokenized real-world assets and bridging the gap between traditional finance and the digital asset economy. The integration of deUSD into the DeFi market is expected to provide enhanced liquidity options and yield opportunities for investors looking to diversify their portfolios.