Decentralized exchange Curve Finance announced yesterday that it will cooperate with asset management giant BlackRock and blockchain network Elixir to bring up to US$1 billion of RWA assets into the DeFi field through Elixir’s deUSD protocol. This cooperation Not only does it add new application scenarios to RWA, it also allows the DeFi field to introduce huge institutional-level liquidity. (Previous summary: BlackRock wants to capture the RWA market) led Securitize to complete 47 million magnesium financing, and BUIDL has become the largest tokenized U.S. bond fund) (Background supplement: BlackRock’s asset size broke a new high of "10 trillion U.S. dollars", How can the extremely wealthy BlackRock dominate global finance?) The decentralized exchange Curve Finance announced yesterday that it will cooperate with the asset management giant BlackRock and the blockchain network Elixir to build a bridge between traditional finance and DeFi. bridge. According to the article, BlackRock has issued up to $533 million in tokenized U.S. debt funds BUIDL on the blockchain and other institutional funds tokenized by Securitize will enter the DeFi field through Elixir's deUSD protocol, and this cooperation, Allows up to $1 billion of real world asset (RWA) tokens to be minted into "profitable synthetic U.S. dollars deUSD". Currently, Curve has carried the majority of deUSD transactions and liquidity, of which $64 million (about 60% of the total liquidity) is located in Curve’s capital pool (there are currently four major deUSD trading pools, including USDC, USDT, DAI and FRAX). What are Securitize and BlackRock BUIDL funds? Securitize is an asset tokenization company that builds a bridge between traditional finance and blockchain by tokenizing physical assets. As a U.S. Securities and Exchange Commission (SEC)-registered platform, it has put more than $1 billion in institutional assets on-chain, with BlackRock’s $533 million BUIDL fund being one of its flagship projects. According to the article, the BUIDL fund (BlackRock USD Institutional Digital Liquidity) is a tokenized asset issued on multiple blockchain networks such as Ethereum, Arbitrum, and Optimism. Its features include: Investing in safe assets, such as U.S. Treasury bonds and repurchase agreements. Maintain a stable 1:1 USD peg. Revenues are automatically paid to the holder's on-chain wallet every month in the form of new tokens. Currently, the fund has $440 million on Ethereum, with the remaining $93 million spread across other networks. In addition, according to rwa.xyz data, BUIDL is currently the largest tokenized U.S. Treasury bond fund. What is Elixir? On the other hand, according to the article, Elixir is a modular DPoS blockchain network focused on order book trading infrastructure and deUSD. deUSD is a fully-collateralized, yielding synthetic U.S. dollar composed of stETH and U.S. Treasuries managed through MakerDAO’s USDS Treasury protocol for creating neutral positions. In addition, Elixir’s newly launched “RWA Institutional Plan” allows institutional investors to use its tokenized assets more flexibly. For example, BUIDL token holders can now mint deUSD while maintaining returns on their original investment. However, currently only approved participants can mint and destroy deUSD, and it is planned to gradually open it to a wider range of users in the next few months. According to Curve, this cooperation not only adds to the application scenarios of RWA, but also has a positive impact on DeFi liquidity. By introducing stable institutional funds, it not only helps to improve the stability of the market, but also effectively alleviates the problem of insufficient liquidity on the chain. CRV's 9.53% rise in the past 24 hours may have been motivated by this news. After the news was announced, CRV price began to enter an upward trend, rising from a low of $0.5068 to an earlier high of $0.5568, an increase of 9.37%. As of now, the CRV price is currently trading at $0.5518, up 9.53% in the past 24 hours. Related reports In-depth analysis of liquidity acquisition strategies: How do DeFi projects increase TVL? Uniswap’s Ethereum L2 monthly transaction volume hit a record high. Analyst: DeFi demand has returned. UNI has risen by more than 35% in a week. Cardano founder: Bitcoin DeFi has dominated decentralized finance in three years, and ADA has increased by 190% in a single month. "1 billion Magnesium! Curve cooperates with Elixir to introduce BlackRock U.S. debt tokenization fund BUIDL, $CRV rose 9.53% in the past 24 hours." This article was first published on Dongqu BlockTempo (Dongqu Dongzhu - the most influential blockchain news media).