Elixir, the decentralized consensus network for cryptocurrency exchanges, has joined forces with the tokenization platform Securitize to facilitate decentralized finance solutions for Hamilton Lane’s private credit fund.
On January 8, Elixir revealed its collaboration with Securitize, aimed at providing institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, commonly known as the SCOPE Fund. The fund was launched on the Solana blockchain (SOL) in July 2024.
This partnership positions Elixir as the primary gateway to DeFi for SCOPE investors, with the platform enabling access through its decentralized stablecoin, deUSD.
“Starting Monday, in collaboration with Securitize, Elixir will empower the fund’s institutional asset holders to maintain isolated exposure and directly engage with DeFi through deUSD,” announced the platform on X.
In November, Securitize utilized deUSD’s real-world asset institutional program as it introduced its sToken vaults.
This initiative improved the functionality, liquidity, and composability of real-world assets (RWAs), allowing holders of Securitize-issued RWAs to leverage deUSD for liquidity in the DeFi space, while still earning returns from the underlying investments.
Users of the Ethereum-based vaults can invest in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets, gaining access to further opportunities across DeFi using deUSD. Elixir’s token serves as the core currency powering this decentralized finance experience, independent of users’ initial risk exposure.
“deUSD is the sole currency allowing institutional RWA asset holders to engage with DeFi without altering their original exposure. Elixir delivers default native composability for assets from BlackRock, Hamilton Lane, and others,” stated Elixir.
Elixir secured $8 million in its Series B funding round in March 2024.
