BlackRock's $530M fund taps into DeFi via Curve and Elixir

BlackRock’s $530 million BUIDL fund is entering DeFi through Elixir's deUSD protocol, enabling tokenized real-world assets (RWAs) to mint deUSD, a yield-bearing synthetic dollar, as announced on Curve.fi News. Curve Finance, hosting $64 million of deUSD liquidity, serves as the primary trading hub with pools like deUSD/USDC and deUSD/DAI. This partnership bridges traditional finance and DeFi, providing institutional investors access to DeFi yields while maintaining their original investments.