Proposal: Integration of deUSD into SCOPE Fund & Enabling Elixir Instant Settlement Infrastructure

As recently announced, HLSCOPE, the Hamilton Lane Senior Credit Opportunities Securitize Fund, will be allocating up to 5% of their respective RWA allocations into deUSD to improve the liquidity profile for the assets.

This strategic allocation will embed deUSD as a stable onchain settlement asset for this institutional-grade fund, demonstrating the growing trust and adoption of stable reserves in regulated private credit strategies.

This integration enhances liquidity and provides yield opportunities for deUSD holders by embedding deUSD as the native settlement asset across regulated tokenized credit funds.

As a part of this initiative, Securitize requests the creation of a 24/7 mint and redemption facility of these tokenized funds, powered by the Elixir Network. The goal of this would be to enable seamless (and near-instant) mints and redemptions of tokenized funds with stablecoins, across blockchains.

Elixir would process instant liquidity for HLSCOPE via deUSD - holding floating balances of each fund as part of deUSD’s collateral backing. This would enable holders to bypass the traditional T+2 settlement via wire transfer. Given the strong return profile of these assets, deUSD holders also stand to benefit via higher yields.

Proposal’s Key Points

• HLSCOPE will each directly allocate up to 5% into deUSD to bolster liquidity

• As part of a broader collaboration in Securitize’s cross-chain tokenized funds network, Elixir plays a key role as a preferred settlement layer for HLSCOPE.

• Securitize proposes Elixir hold floating balance of HLSCOPE (per Gauntlet due diligence and aligned with its collateralization framework, at a conservative LTV), used to power this facility.

Next Steps

• Explore and prepare operational procedures for mint/redeem processes with deUSD across supported chains

• Coordinate with Elixir to whitelist HLSCOPE as approved collateral types within deUSD’s backing to power this facility

• Finalize technical integrations to support mint/redeem settlement flows for HLSCOPE fund via Elixir

Specific Asks to the DAO

We are formally requesting that the Elixir DAO:

• Begins the Gauntlet DD process for adding HLSCOPE as eligible collateral backing

• Build out support for the implementation of Elixir as the preferred settlement network for 24/7 mint/redeem of tokenized Securitize funds cross-chain, using deUSD as the currency

We welcome community feedback during the discussion period and look forward to collaboratively enabling real-time settlement for institutional tokenized credit.

Timeline

• 7-day discussion period on this forum post to gather feedback and community input

• 3-day temperature check vote on vote.elixir.xyz