PANews reported on November 19 that according to The Block, tokenization company Securitize has launched a new method to obtain liquidity from physical assets through its innovative "sToken" while still earning income. 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.
sTokens, based on Ethereum’s ERC-4626 token standard, will provide institutional investors holding Securitize-issued RWAs with a way to convert those assets into Elixir’s decentralized dollar token deUSD while still earning a yield on their investment. BlackRock’s BUIDL token will be the first token issued by Securitize that belongs to this “deUSD RWA Institutional Program,” with other assets planned to be launched later.