Elixir, Securitize launch DeFi vaults for BlackRock’s BUIDL

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

Elixir, the network powering the decentralized yield-bearing synthetic dollar deUSD, has teamed up with BlackRock’s tokenization partner Securitize to launch a liquid staking token for tokenized securities.

The partnership seeks to bring billions of dollars in gated capital to the decentralized finance market, Elixir said in an announcement on Nov. 19.

Introducing Elixir’s “deUSD RWA Institutional Program” – a first ever partnership with Securitize

After months of design and $1B+ of capital interest, this joint program allows Blackrock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as the primary currency pic.twitter.com/rbUTNNadYr

— Elixir (@elixir) November 19, 2024

Elixir, Securitize launch DeFi vaults for BUIDL

According to the platform, users will leverage deUSD to access Blackrock’s tokenized fund BUIDL and other RWA assets for DeFi across the market. deUSD will be the primary currency of the “deUSD RWA Institutional Program.”

In a comment, Elixir founder & chief executive officer Philip Forte said:

“Elixir is excited to partner with Securitize to bring this 0 to 1 innovation to DeFi. The Elixir Network is a purpose-built stack powering exchange orderbooks and deUSD (“Decentralized US Dollar”). For the first time ever, holders of tokenized real-world assets can natively use their assets onchain in DeFi, accessing unified liquidity via deUSD.”

The collaboration seeks to use deUSD to unlock yield-opportunities for the over $1 billion real world assets that Securitize has issued across DeFi. The offering is via the sToken and the new ERC-4626 vault technology in partnership with Elixir’s “deUSD RWA Institutional Program.”

“With the launch of this innovative sToken functionality, Securitize is enabling a new frontier in DeFi by making it possible to leverage any Real World Asset token issued using the DS Protocol,” Securitize co-founder & chief executive officer Carlos Domingo said in a statement.

“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,” he added.

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