Asset Manager VanEck Joins Tokenization Race With U.S. Treasury Fund Token
- On May 13, 2025, VanEck introduced VBILL, its inaugural tokenized U.S. Treasury fund, making it accessible across multiple blockchain platforms including Avalanche, BNB Chain, Ethereum, as well as Solana.
- VanEck partnered with tokenization platform Securitize amid growing institutional interest in on-chain assets and follows firms like BlackRock in this trend.
- VBILL provides qualified investors with around-the-clock liquidity and immediate settlement, while its holdings are custodized by State Street and its valuation is refreshed daily through RedStone's oracle.
- Kyle DaCruz, VanEck's digital assets director, said VBILL provides "a liquid and secure tool" that integrates U.S. Treasuries into mainstream and blockchain finance.
- The introduction of this fund represents an important advancement in integrating traditional finance with blockchain technology, as the market for tokenized real-world assets continues to expand rapidly toward a potential valuation of $2 trillion.
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