Asset Manager VanEck Launches First Tokenized Fund, VBILL, on Securitize Platform

Asset manager VanEck has introduced its first tokenized fund, becoming the latest traditional finance firm to explore blockchain-based asset offerings.

The new product, VanEck Treasury Fund (VBILL), was developed in collaboration with Securitize. It offers on-chain exposure to short-term U.S. Treasury bills and is available on Ethereum, Solana, Avalanche, and BNB Chain.

Tokenizing Real-World Assets

Tokenization refers to the process of turning real-world assets (RWAs) such as bonds, real estate, commodities, and treasuries into digital tokens on a blockchain. This method is gaining momentum due to its potential to reduce costs, accelerate settlements, and streamline operations.

Among these assets, U.S. Treasuries have emerged as a key focus. According to RWA.xyz, the market for tokenized Treasuries has expanded by over 500% in the past year and is now worth nearly $7 billion.

VanEck’s launch of its tokenized Treasury fund fits into this growing trend. The firm aims to provide a more transparent and liquid tool for managing cash by bringing U.S. Treasuries on-chain. This move also signals a broader shift among asset managers, with traditional firms like BlackRock and Franklin Templeton also releasing tokenized products in recent months.

Overview of VanEck’s VBILL and Its Accessibility

VBILL is available to qualified investors, with a $100,000 minimum entry on most blockchains and a $1 million threshold on Ethereum. The fund’s underlying assets are held by State Street. RedStone’s oracle provides daily pricing, ensuring that the on-chain value closely tracks real-world Treasury markets.

The fund supports 24/7 access through Circle’s USDC stablecoin to simplify participation. It also integrates with Agora’s AUSD to offer atomic liquidity, allowing holders to redeem VBILL for stablecoin in a single smart contract transaction.

Notably, the fund’s launch highlights the accelerating tokenization of real-world assets. The broader market now totals nearly $23 billion, underscoring rising interest and growing institutional adoption across the financial sector.

Meanwhile, Securitize, the partner behind VBILL’s tokenization infrastructure, remains active. Last month, it collaborated with Mantle to launch an institutional crypto index fund backed by a $400 million commitment.

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