Elixir, the decentralized consensus network for crypto exchanges, is partnering with tokenization platform Securitize to unlock decentralized funding for Hamilton Lane’s private credit fund.
On January 8, Elixir announced its partnership with Securitize to enable institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, or SCOPE Fund. The fund launched on Solana (SOL) in July 2024.
The partnership will see Elixir serve as a native path to DeFi for SCOPE investors, with the platform offering access via its decentralized stablecoin, deUSD.
“Starting Monday, in partnership with Securitize, Elixir will allow the fund’s institutional asset holders to maintain isolated exposure and natively access DeFi via deUSD,” the platform posted on X.
In November, Securitize leveraged deUSD’s institutional real assets program by launching its sToken vaults.
The program improved the functionality, liquidity, and composability of RWAs, allowing holders of Securitize-issued RWAs to leverage deUSD to gain liquidity in DeFi. Investors can continue to profit from the underlying investments.
Users of Ethereum-based vaults can invest in BlackRock’s institutional USD digital liquidity fund or other tokenized RWA assets and access additional opportunities in DeFi using deUSD. Elixir’s token acts as the primary currency that powers this decentralized finance experience, without being tied to users’ initial risk exposure.
“deUSD is the only currency allowing holders of RWA institutional assets to use DeFi, without changing their initial exposure. Elixir brings native composability by default for assets from BlackRock, Hamilton Lane and others,” Elixir said.
Elixir raised $8 million in its Series B funding round in March 2024.
