BlackRock BUIDL tokens are available on Securitize’s new platform for minting “synthetic dollars” and earning RWA yields

Tokenization company Securitize has launched a new way to get liquidity from physical assets through its innovative "sTokens" 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 Ethereum's ERC-4626 token standard and will provide institutional investors holding RWA 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 this "deUSD RWA Institutional Program", and other assets are planned to be launched later. (TheBlock)