Public disclosures and reports from financial institutions

Securitize and Elixir Launch deUSD RWA Institutional Program, Unlocking $1B in RWA Liquidity for BlackRock's BUIDL Token

Nov 19, 2024, 01:07 PM

Securitize and Elixir have announced the launch of the deUSD RWA Institutional Program, aimed at facilitating access to decentralized finance (DeFi) for institutional investors holding Real-World Assets (RWAs). This program allows holders of BlackRock's BUIDL token and other RWAs to utilize deUSD as the primary currency in DeFi transactions while maintaining their yield. The initiative comes after Tether's introduction of its RWA product and BlackRock's $1 billion investment in the RWA sector, signaling a growing institutional interest in tokenized assets. The deUSD program enables the minting of synthetic dollars, allowing for liquidity access without altering the backing or risk profile of deUSD. This partnership is seen as a significant step in bridging traditional finance with the DeFi space, unlocking $1 billion in RWA liquidity for institutions.