Elixir, a decentralized consensus network for cryptocurrency exchanges, is collaborating with the tokenization platform Securitize to open up decentralized finance for Hamilton Lane’s private credit fund.

On January 8, Elixir announced its partnership with Securitize, aimed at providing institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, also known as the SCOPE Fund. This fund was launched on the Solana blockchain (SOL) in July 2024.

“Starting Monday, in collaboration with Securitize, Elixir will allow the fund’s institutional asset holders to maintain isolated exposure while accessing DeFi natively via deUSD,” the platform announced on X.

In November, Securitize integrated deUSD into its real-world asset institutional program with the introduction of sToken vaults.

This program improved the functionality, liquidity, and composability of RWAs, enabling holders of Securitize-issued RWAs to leverage deUSD for liquidity within DeFi. Investors are able to continue earning yields from their underlying investments.

Users invested in the Ethereum-based vaults can participate in BlackRock’s USD Institutional Digital Liquidity Fund or other tokenized RWA assets, while gaining additional opportunities in DeFi utilizing deUSD. The Elixir token acts as the main currency fueling this decentralized finance experience, allowing for movement without altering users’ original risk exposure.

“deUSD is the sole currency that allows institutional RWA asset holders to engage with DeFi, without altering their initial exposure. Elixir provides inherent 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.