- VBILL tokenizes U.S. Treasuries on Ethereum, Solana, Avalanche, and BNB Chain.
- VanEck’s VBILL offers institutional access to U.S. Treasury-backed assets on-chain.
- Minimum investment for VBILL starts at $100K, with $1M for Ethereum blockchain exposure.
VanEck has launched a groundbreaking tokenized fund, VBILL, together with Securitize. The fund opens access to US Treasury-backed assets in major blockchain networks for institutional investors. It seeks to fill the gap between traditional finance and digital assets as a new channel for secure and transparent cash management solutions.
VBILL will debut on Avalanche, BNB Chain, Ethereum, and Solana to transform crypto-native firms’ attitudes toward U.S. Treasuries.
Tokenized Fund Offers Institutional Access to U.S. Treasuries
The introduction of VBILL represents a significant step towards merging blockchain technology and traditional financial systems. VanEck, famous for its non-standard attitude towards digital assets, has presented this fund as a secure, transparent, and liquid tool for cash management.
By tokenizing U.S. Treasuries, the fund guarantees that investors can access Treasury-backed assets more freely and efficiently.
Kyle DaCruz, Director of Digital Assets Product at VanEck, emphasized the importance of this launch, stating that tokenized funds like VBILL “enhance market liquidity and efficiency.” The fund’s debut is particularly relevant as the cryptocurrency industry sees an increasing interest in traditional financial instruments, especially in the context of stablecoin regulations that mandate reserves in U.S. Treasuries. VBILL offers crypto firms an easy way to tap into the treasury market, offering liquidity and enhanced security while keeping transactions on the blockchain.
Access to U.S. Treasuries Through Blockchain Networks
VanEck’s VBILL is first deployed on four leading blockchain networks: Avalanche, Binance Chain, Ethereum, and Solana. This multichain strategy will enable institutional investors to access the fund in different blockchain ecosystems easily. Wormhole makes cross-chain interoperability possible, enabling seamless and safe token transfer across the networks, increasing the flexibility and efficiency of operation.
The minimum investment required to receive the VBILL fund depends on the blockchain. The minimum buy-in for Avalanche, BNB Chain, and Solana is $100k, while Ethereum has a minimum level of $1m. This pricing structure targets institutional investors, which indicates the fund’s exclusivity. Although retail investors cannot be involved, the introduction of VBILL is a significant milestone toward more institutional adoption of tokenized traditional assets.
Securitize’s Role in Tokenization and Fund Administration
Securitize a leading tokenization platform and oversee VBILL’s logistics. The firm is responsible for tokenizing U.S. Treasury assets, fund administration, and broker-dealer capabilities. Through its expertise in tokenization, Securitize benefits VBILL by ensuring that the fund runs effectively and within the approved regulations.
Carlos Domingo, the co-founder and CEO of Securitize, highlighted the potential of tokenization to open new market opportunities. He stated, “With VBILL, our combined efforts demonstrate tokenization’s ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology.”
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