BlackRock’s BUIDL token goes live on Securitize’s new platform for minting “synthetic dollars” and earning RWA yields

Odaily News Tokenization company Securitize has launched a new way to gain liquidity from physical assets while still earning returns through its innovative "sTokens." On Tuesday, the company announced that the token architecture is the result of a collaboration between its subsidiary Securitize Credit and the "synthetic dollar" project Elixir. It is reported that sTokens are based on Ethereum's ERC-4626 token standard and will provide institutional investors holding RWAs issued by Securitize with a way to convert these assets into Elixir's decentralized US dollar token deUSD while still earning returns on their investments. BlackRock's BUIDL token will be the first token issued by Securitize that belongs to the "deUSD RWA Institutional Program," with other assets planned to be launched later. (TheBlock)