Securitize, Elixir Unlock $1B DeFi Liquidity for BlackRock's BUIDL via ERC-4626 Vaults

Nov 19, 2024, 02:37 PM

Securitize, in partnership with Elixir, has launched the sToken, leveraging ERC-4626 vault technology built on Ethereum, to unlock enhanced liquidity for Real World Assets (RWAs) in decentralized finance (DeFi). Through the 'deUSD RWA Institutional Program', holders of BlackRock's tokenized money market fund, BUIDL, can mint sBUIDL tokens. This enables investors to access DeFi using deUSD as the primary currency while continuing to earn yields from the underlying assets. Over $1 billion in RWA liquidity has been unlocked, contributing to the $2.4 billion already locked in tokenized U.S. Treasuries. This initiative represents a significant milestone in integrating traditional finance with DeFi, as the tokenization of RWAs gains traction, with the market expected to grow to $16 trillion by 2030.