VanEck Enters the RWA Arena by Launching the Tokenized U.S. Treasury Fund VBILL in Collaboration with Securitize

Asset management company VanEck collaborates with asset tokenization platform Securitize to launch its first tokenized fund, officially entering the competition for on-chain real assets.

According to the press release, the tokenized fund named “VanEck Treasury Fund” (VBILL) offers an opportunity to invest in short-term U.S. Treasury bonds on the blockchain, featuring around-the-clock trading liquidity and instant settlement capabilities. The fund initially supports chains such as Avalanche, BNB Chain, Ethereum, and Solana, facilitating cross-chain transfers through Wormhole.

Securitize’s official website states:

VBILL is currently open to accredited investors, with a minimum subscription amount of $1 million on Ethereum and $100,000 on other chains. The fund’s assets are managed by State Street, with daily pricing based on data provided by the RedStone oracle service.

Source: Related reports: “BlackRock launches its first tokenized fund ‘BUIDL’ on Ethereum! Offering stable value and monthly dividends” “Market capitalization of tokenized government bonds surpasses $5 billion, Fidelity emphasizes the potential of RWA as collateral.”