Elixir unlocks DeFi for Hamilton Lane’s SCOPE Fund via deUSD

Elixir, the decentralized consensus network for crypto exchanges, is partnering with tokenization platform Securitize to unlock decentralized finance for Hamilton Lane’s private credit fund.

On Jan. 8, Elixir announced it was teaming up 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 the 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 enable the fund’s institutional asset holders to keep isolated exposure and natively access DeFi via deUSD,” the platform posted on X.

In November, Securitize tapped into deUSD’s real-world asset institutional program as it launched its sToken vaults.

The program enhanced the functionality, liquidity, and composability of RWAs, allowing holders of Securitize-issued RWAs to leverage deUSD for liquidity in DeFi. Investors can continue earning yield 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 and access additional opportunities across DeFi using deUSD. Elixir’s token acts as the primary currency powering this decentralized finance experience, without being tied to users’ original risk exposure.

“deUSD is the only currency enabling institutional RWA asset holders to use DeFi, without changing their original exposure. Elixir brings default native composability for assets from BlackRock, Hamilton Lane, and others,” Elixir said.

Elixir raised $8 million in its Series B funding round in March 2024.