Elixir and Securitize Partner to Bring DeFi to Hamilton Lane’s SCOPE Fund
Elixir, the decentralized consensus network for crypto exchanges, is teaming up with tokenization platform Securitize to open up decentralized finance opportunities for Hamilton Lane’s private credit fund.
Recently, Elixir announced its partnership with Securitize to provide institutional access to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE Fund), which was launched on Solana (SOL) in July 2024.
The collaboration will see Elixir serving as the gateway to DeFi for SCOPE investors, offering access through its decentralized stablecoin, deUSD.
“Starting Monday, in partnership with Securitize, Elixir will enable the fund’s institutional asset holders to maintain isolated exposure and seamlessly access DeFi through deUSD,” as shared by the platform on X.
In a move to enhance functionality and liquidity, Securitize tapped into deUSD’s real-world asset institutional program in November, launching its sToken vaults. This program enables holders of Securitize-issued RWAs to utilize deUSD for liquidity in DeFi while still earning yield from their investments.
Through Ethereum-based vaults, investors can participate in BlackRock’s USD Institutional Digital Liquidity Fund and other tokenized RWA assets, leveraging deUSD to explore additional DeFi opportunities. Elixir’s token serves as the primary currency driving this decentralized finance experience, decoupled from users’ original risk exposure.
“deUSD is the exclusive currency empowering institutional RWA asset holders to engage with DeFi without altering their original exposure. Elixir streamlines native composability for assets from BlackRock, Hamilton Lane, and other institutions,” Elixir stated.
In March 2024, Elixir successfully raised $8 million in its Series B funding round, further solidifying its position in the decentralized finance space.