Securitize announced a partnership with Elixir, offering new tokens that allow RWA holders to access DeFi liquidity while protecting asset yields. This program is specifically catered towards institutional investors and includes functionality for BlackRock BUIDL.
Elixir and Securitize hope to “bridge the cap of liquidity between institutions and DeFi,” but this might prove a crowded market.
Securitize’s Institutional RWA Plan
In a recent press release, Securitize announced a new token that aims to bridge RWAs into DeFi markets. Specifically, this comes through a $1 billion partnership with Elixir, introducing their “deUSD RWA Institutional Program.” In essence, BlackRock BUIDL and other RWA holders will be able to access DeFi liquidity through Elixir’s token platform while still earning yields.
“Holders of tokenized real-world assets can natively use their assets onchain in DeFi, accessing unified liquidity via deUSD. These users continue to accrue yield directly from Securitize while keeping isolated collateral exposure. We believe this is just the first step to bridge the gap of liquidity between institutions and DeFi,” said Elixir Founder & CEO Philip Forte.
Essentially, this program’s main selling point is the isolated yield exposure, and it’s very explicitly an attempt to gain new institutional clients. Securitize offers RWA options with “investments from Wall Street’s most experienced managers,” according to its press release, but DeFi has other opportunities. By combining them, the companies hope to secure new investors.
Several major blockchain firms have been attempting to entice institutional investors to invest in the RWA space. For example, BNB Chain launched its own RWA tokenization portal earlier this month, specifically catering to institutional clients. Interestingly, Elixir mentioned BlackRock BUIDL more than Securitize, even though the latter firm recently partnered with it.
Meanwhile, BlackRock’s BUIDL has been making independent headway into this ecosystem. For example, last week, it added functionality for five major blockchains.
Elixir and Securitize are tackling a potentially lucrative sector of the DeFi space, but they aren’t the only contenders. Elixir claimed to have over $100 million in token liquidity, but it might need to expand this much further.
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