Securitize Launches Token Vault Functionality

Elixir Launches “deUSD RWA Institutional Program” in Partnership with Securitize

We are thrilled to announce the launch of the “deUSD RWA Institutional Program”, a collaboration withSecuritize designed to unlock utility and enhance yield for select Real World Assets (RWAs) issued by Securitize.

This program introduces over $1 billion of existing tokenized RWAs to DeFi for the first time, using deUSD as the cross-chain issuance and redemption mechanism.

Institutional holders of RWAs issued by Securitize can now mint and utilize deUSD within DeFi while continuing to receive yields from their underlying investments. This integration empowers protocols, foundations, and other Securitize clients to leverage deUSD’s composability and unified liquidity. It brings their RWA holdings on-chain as usable Total Value Locked (TVL), enabling them to use these assets within DeFi environments.

Bringing RWAs On-Chain: A Win-Win for DeFi and Traditional Finance

The tokenization of RWAs has been a key trend in the current crypto cycle. Many in the crypto ecosystem now recognize that collaboration with traditional institutional players—who are eager to leverage blockchain technology—offers mutual benefits. Tokenized US Treasuries, for instance, allow asset allocators such as blockchain foundations and funds to access treasury yields on-chain from large asset managers without off-ramping or taking unnecessary risks.

However, widespread adoption of RWAs has been hampered by significant legal and technical challenges, including regulatory restrictions on transferability and limited DeFi integration. We believe the next phase of RWA TVL growth requires compliant liquidity and composability solutions for these assets.

Addressing RWA Challenges with Securitize’s sToken Technology

By utilizing Securitize’s new innovative sToken technology, Elixir helps solve these RWA challenges while maintaining the integrity of deUSD’s backing. The Elixir network will hold minted sBUIDL tokens – which have 1:1 access to atomic USDC liquidity, as isolated backing.

Securitize customers minting deUSD through this partnership will not earn potion boosts via the Apothecary, but they will unlock valuable new utility, including:

• Access to highly liquid and composable deUSD without selling their underlying RWAs or foregoing their yield
• Support for native ecosystems through deUSD’s unified liquidity
• Growth in natively-usable TVL, driving demand for native assets and platforms

Benefits for the Elixir Network and deUSD Users

The Elixir network and deUSD users will benefit from:

• Sticky TVL growth driven by large, diverse Securitize customers
• Broader deUSD distribution and utility across multiple chains
• No Apothecary dilution or additional liquidity and backing risks

The deUSD RWA Institutional Program will initially be available to holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) token, with support for Hamilton Lane’s SCOPE and additional assets to follow.