Elixir, the decentralized consensus community for crypto exchanges, has partnered with tokenization platform Securitize to unlock decentralized finance for Hamilton Lane’s personal credit score fund.
On January 8, Elixir introduced it was partnering with Securitize to allow institutional entry to Hamilton Lane’s Senior Credit score Alternatives Fund, or SCOPE Fund. The fund was launched in July 2024 on Solana (SOL).
By means of the partnership, Elixir will function the native path to DeFi for SCOPE traders, with the platform providing entry by its decentralized stablecoin, the USD.
“Beginning Monday, Elixir, in partnership with Securitize, will allow the fund’s institutional asset holders to keep up remoted publicity and entry DeFi natively through the USD,” the platform wrote on X.
Learn extra: Hamilton Lane turns into the primary asset supervisor to launch a fund on Solana
In November, Securitize tapped into the USD’s institutional actual belongings program when it launched its sToken vaults.
This system improved the performance, liquidity and configurability of RWAs, permitting holders of Securitize-issued RWAs to leverage USD for liquidity in DeFi. Traders can proceed to earn returns from the underlying investments.
Customers of the Ethereum-based vaults can spend money on BlackRock’s USD Institutional Digital Liquidity Fund or different tokenized RWA belongings and entry further alternatives in DeFi utilizing the USD. Elixir’s token acts as the first foreign money that powers this decentralized monetary expertise, with out being tied to customers’ preliminary danger publicity.
“theUSD is the one foreign money that enables institutional holders of RWA belongings to make use of DeFi, with out altering their authentic publicity. Elixir offers native composability by default for belongings from BlackRock, Hamilton Lane and others,” Elixir stated.
Elixir raised $8 million in its Collection B funding spherical in March 2024.
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