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 financing for Hamilton Lane’s private loan fund.

On January 8, Elixir announced it was working with Securitize to provide institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, or SCOPE Fund. The fund was launched in Solana (SOL) in July 2024.

The partnership will enable Elixir to serve as the native path to DeFi for SCOPE investors, enabling the platform to offer access via decentralized stablecoin deUSD.

“Starting Monday, in partnership with Securitize, the fund will enable institutional asset holders to remain isolated and access DeFi natively via deUSD,” the platform said on X.

In November, Securitize leveraged deUSD’s real-world asset institutional program by launching sToken vaults.

The program improved the functionality, liquidity and composability of RWAs, allowing holders of Securitize-issued RWAs to also leverage USD for liquidity in DeFi. Investors can continue to earn returns on underlying investments.

Users of 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, regardless of users’ original risk exposure.

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

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