News

deUSD RWA Institutional Program Launched to Promote Liquidity for BUIDL

Key Points:

Elixir and Securitize launched the deUSD RWA Institutional Program, enabling tokenized RWA holders like BlackRock’s BUIDL fund to access DeFi using deUSD.
The program offers over $110 million in on-chain liquidity, providing liquid and composable Securitize-issued RWAs with isolated yield exposure.

Elixir, in partnership with Securitize, introduced the deUSD RWA Institutional Program that allows RWA holders, including BlackRock’s BUIDL fund, to easily interact with DeFi using deUSD as their base currency.

Elixir and Securitize Introduce deUSD RWA Institutional Program

After months of development and more than $1 billion of expressed capital interest, the launch of the deUSD RWA Institutional Program marks a major milestone in bridging traditional finance with blockchain-based systems.

Through the funding of yield and treasury-backed exposure via USDS, the program makes the essential grounding that assures stability and mitigation of risks for deUSD. It enables holders of Securitize-tokenized assets, which include BlackRock’s BUIDL and Hamilton Lane’s SCOPE, to interact with DeFi applications while retaining yield exposure in isolation.

Backing for deUSD can be redeemed on a 1:1 basis for USDC by participants through the use of existing on-chain atomic liquidity mechanisms. The deUSD RWA Institutional Program also rendered Securitize-issued RWAs liquid and composable, tapping into the unified on-chain liquidity provided by deUSD at over $110 million.

BlackRock’s BUIDL to Go Multi-Chain

Launched earlier this year, BlackRock’s BUIDL token is a digital representation of its RWA fund that directly invests in U.S. Treasury bonds to generate interest for investors.

Very recently, the tokenized version of the BUIDL fund launched on several blockchains: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. The BUIDL token is a deposit certificate-like token that pegs its value to the U.S. dollar, making it as stable as a stablecoin.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.