Elixir, which is a decentralized consensus network for cryptocurrency exchanges, has formed a partnership with Securitize, a tokenization platform, in order to provide decentralized financing for Hamilton Lane’s private credit fund.
The announcement that Elixir will be forming a partnership with Securitize to provide institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, often known as the SCOPE Fund, was made on January 8th.
The fund was established on Solana in the month of July 2024.
Elixir will act as the native gateway to DeFi for SCOPE investors as a result of the cooperation. The platform will provide access to DeFi using its decentralized stablecoin, which is deUSD.
During the month of November, Securitize introduced their sToken vaults, which took use of the real-world asset institutional program offered by deUSD.
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Holders of Securitize-issued RWAs were able to leverage deUSD for liquidity in DeFi as a result of the program’s enhancements to the functionality, liquidity, and composability of RWAs. The return that investors get from the underlying assets may continue into the future.
By using deUSD, users of the Ethereum-based vaults have the ability to access new options within the DeFi ecosystem and participate in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets.
This decentralized financial experience is powered by Elixir’s token, which serves as the main currency. It is not related to the users’ initial risk exposure by any means.
According to the statement, “deUSD is the only currency that enables institutional RWA asset holders to use DeFi without changing their original exposure.”
In a statement, Elixir said that it has introduced default native composability for assets from BlackRock, Hamilton Lane, and other companies.
In March of 2024, Elixir successfully completed its Series B investment round, totaling $8 million.