TechFlow news — On November 19, DeFi protocol Elixir announced a partnership with tokenization service provider Securitize to launch the deUSD RWA Institutional Program. This program leverages an innovative "sToken" architecture built on the Ethereum ERC-4626 token standard, enabling institutions and RWA investors to seamlessly access DeFi using deUSD as the primary currency, earning RWA yields while enhancing liquidity.
BlackRock's BUIDL token will be the first asset issued under the Securitized deUSD RWA Institutional Program. BUIDL is currently the largest on-chain money market fund with over $520 million in assets under management, primarily invested in short-term U.S. Treasury securities. Through this program, BUIDL token holders can convert their holdings into Elixir’s decentralized U.S. dollar stablecoin deUSD while continuing to earn returns from their original investment.
In the future, the program will also support other assets such as Hamilton Lane’s SCOPE fund, with additional assets to be introduced at a later date.
Elixir Protocol is a modular decentralized staking network that allows users to directly provide liquidity to trading pairs on order book exchanges and receive market-making rewards comparable to those offered by order book exchanges and L1/L2 blockchains, thereby improving liquidity for decentralized order book exchanges. Previously, Elixir launched its decentralized synthetic U.S. dollar asset deUSD, positioning it as a competitor to Ethena’s USDe.
