In a new collaboration, the decentralized consensus network for cryptocurrency exchanges known as Elixir, has teamed up with the tokenization platform Securitize. This partnership aims to facilitate decentralized financial solutions for Hamilton Lane’s private credit fund.
January 8th saw Elixir join forces with Securitize for the purpose of offering institutions entry into Hamilton Lane’s Senior Credit Opportunities Fund, commonly known as SCOPE Fund. This fund is scheduled to debut on the Solana platform in July 2024.
The collaboration implies that Elixir will function as the direct route to Decentralized Finance (DeFi) for SCOPE investors, providing them access through the platform utilizing its decentralized USD-pegged token, known as deUSD.
Through this partnership, Elixir becomes the straightforward way for SCOPE investors to tap into DeFi, with the help of their platform and their stablecoin, deUSD.
From next Monday, in collaboration with Securitize, Elixir is going to empower institutional investors of our fund to maintain separate ownership and conveniently tap into Decentralized Finance (DeFi) using deUSD, as announced on our platform.
In November, Securitize integrated the real-world asset institutional program offered by deUSD, marking the launch of their sToken vaults.
The software improved the capabilities, market fluidity, and interoperability of Resource-Backed Assets (RWAs), enabling owners of RWAs issued by Securitize to utilize deUSD as a source of liquidity within Decentralized Finance (DeFi). Investors can still generate returns from their initial investments.
Users of Ethereum vaults can choose to invest in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets using deUSD, thereby unlocking a variety of DeFi opportunities. The Elixir token serves as the main currency for this decentralized finance journey, allowing users to enjoy its benefits without being bound by their initial risk exposure level.
The deUSD currency provides institutional RWA asset owners with a unique opportunity to engage with DeFi, maintaining their initial investment exposure. According to Elixir, this platform offers built-in native compatibility for assets from entities like BlackRock, Hamilton Lane, and others by default.
Elixir raised $8 million in its Series B funding round in March 2024.
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2025-01-08 21:42