Holders of BlackRock’s tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.
Securitize and Elixer are launching a liquid staking token (LST) for tokenized securities, including BlackRock’s onchain money fund, BUIDL, the cryptocurrency platforms said on Nov. 19.
Designed by Elixer, a blockchain network for crypto exchanges, the deUSD RWA Institutional Program “unlocks enhanced yield-opportunities and composability for more than $1B Real World Assets (RWAs) issued by Securitize across decentralized finance (DeFi),” Securitize said in a press release.
The DeFi vaults, based on the Ethereum network’s ERC-4626 standard, “allows Blackrock BUIDL and other RWA holders to seamlessly access DeFi using deUSD as the primary currency,” Elixer said in a Nov. 19 post on the X platform.
