DailySun
Elixir, the decentralized consensus network designed for crypto exchanges, is joining forces with the tokenization platform Securitize to expand decentralized finance access for Hamilton Lane’s private credit fund.
On January 8, Elixir announced its collaboration with Securitize to facilitate institutional investors’ access to Hamilton Lane’s Senior Credit Opportunities Fund, also known as the SCOPE Fund. This fund launched on the Solana network (SOL) in July 2024.
The collaboration will enable Elixir to act as the primary gateway to DeFi for SCOPE investors, offering access through its decentralized stablecoin, deUSD.
“Beginning Monday, in collaboration with Securitize, Elixir will allow the fund’s institutional asset holders to maintain isolated exposure while gaining native access to DeFi via deUSD,” the platform announced on X.
In November, Securitize leveraged deUSD’s real-world asset institutional program upon launching its sToken vaults.
This program improved the functionality, liquidity, and composability of real-world assets (RWAs), enabling holders of Securitize-issued RWAs to utilize deUSD for liquidity in the DeFi space. Investors can continue to earn yields from their underlying investments.
Users of the Ethereum-based vaults can invest in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets while accessing further opportunities in DeFi through deUSD. Elixir’s token serves as the primary currency driving this decentralized finance experience, without altering users’ original risk exposure.
“deUSD is the sole currency that permits institutional RWA asset holders to engage in DeFi without modifying their initial exposure. Elixir provides default native composability for assets from BlackRock, Hamilton Lane, and beyond,” stated Elixir.
Elixir secured $8 million in its Series B funding round in March 2024.
