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

Odaily Planet Daily Report: Tokenization company Securitize has launched a new method to obtain liquidity from physical assets while still earning returns. On Tuesday, the company announced that this 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 the Ethereum ERC-4626 token standard and will provide a way for institutional investors holding Securitize-issued RWAs to convert these assets into Elixir's decentralized dollar token deUSD, while still earning returns on their investments. BlackRock's BUIDL token will be the first token issued by Securitize under this "deUSD RWA Institutional Program", with other asset plans to be launched later. (TheBlock)