BlackRock's BUIDL Token Goes Live on Securitize's New Platform

BlockBeats News, November 19th, Tokenization platform Securitize has introduced a new way to unlock liquidity from real-world assets through its innovative "sToken" while still earning returns.

On Tuesday, the company announced that this tokenization framework is the result of a collaboration between its subsidiary Securitize Credit and the "synthetic dollar" project Elixir. Reportedly, sTokens, based on the Ethereum ERC-4626 token standard, will provide institutional investors holding Securitize-issued RWAs a means to convert these assets into Elixir's decentralized dollar-pegged token deUSD while still earning returns from their investment.

BlackRock's BUIDL token will become the first token belonging to this "deUSD RWA Institutional Program" issued by Securitize, with additional asset programs to follow later.