📣 Curve Finance Partners with BlackRock and Elixir
posted 29 Nov 2024
November 29 saw Curve Finance unveil its partnership with BlackRock and Elixir, a collaboration that embodies the growing synergy between decentralized and traditional financial sectors, with a focus on advancing the RWA ecosystem.
The partnership brings BlackRock’s BUIDL fund onto Curve, leveraging Elixir’s synthetic stablecoin deUSD—a product we’ve previously analyzed on our website.
Elixir’s deUSD is a cutting-edge synthetic stablecoin tailored for liquidity in exchange order books, backed by stETH and U.S. Treasury bonds, with MakerDAO providing the foundational infrastructure.
Recent updates highlight that Curve hosts 60% of deUSD liquidity, totaling $64 million. These funds are pooled alongside major stablecoins like USDC, USDT, DAI, and FRAX.
BlackRock’s BUIDL is a tokenized investment fund designed to bridge traditional financial instruments with blockchain. Built on the infrastructure of SEC-regulated Securitize, it ensures seamless tokenization and asset management.
The investment giant recently expanded BUIDL’s reach, integrating five new blockchains: Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon, in addition to Ethereum.
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