VanEck Launches $120B Tokenized Treasury Fund on Ethereum, Solana & More
By: bitcoin ethereum news|2025/05/14 22:45:05
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The VanEck Treasury Fund, Ltd. (VBILL) is available on Ethereum, Solana, Avalanche, and BNB Chain via the Wormhole protocol. Targeting high-volume users, VBILL has tiered subscription thresholds starting at $100,000, with an on-chain architecture for continuous issuance and redemption. Global investment management firm VanEck has introduced its first tokenized fund, the VanEck Treasury Fund, Ltd. The fund is launched in cooperation with Securitize, one of the leaders in the field of real-world assets tokenization. The move marks the beginning of VanEck’s venture in blockchain-oriented asset management with the view of simplifying the investor access to U.S Treasury-backed securities over the digital networks. About VanEck’s VBill Fund The VBILL fund is now available on Ethereum, Solana, Avalanche and BNB Chain with the help of cross-chain bridge based on the Wormhole protocol. This interoperability provides secure and efficient cross-movement of assets in blockchain ecosystems. To make U.S. Treasuries accessible to investors at all times, with their issuance being done through USDC, backed by stablecoin infrastructure. Through the partnership, Securitize offers a wide range of services, including fund administration, tokenization, transfer agency, and broker-dealer services. These integrated tools are developed to increase liquidity, enhance operations performance, and extend financial market reach. In a recent press release , Carlos Domingo, CEO and Co-Founder of Securitize, discussed the impact of the latest collaboration. He noted, This collaboration merges the best of Securitize’s fully integrated tokenization model with VanEck’s deep expertise of asset management. With VBILL, our combined efforts demonstrate tokenization’s ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology. VBILL has also been included in Agora’s USD stablecoin system (AUSD), thus giving atomic liquidity to the users of digital assets. Its on-chain architecture means continuous issuance and redemption and so it is an asset which can be used as a flexible instrument for market participants who require rapid programmable access to cash equivalent assets. Targeted towards institutional and qualified investors, VBILL has a minimum subscription threshold of $100,000 for those that are transacting on Avalanche, Solana, and BNB Chain. The entry level for Ethereum-based investment is $1 million. Such layered demands relate to the development of the fund for high-volume and pro users, who are interested in more straightforward access to government-supported instruments. “By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management,” said Kyle DaCruz, Director of Digital Assets Product at VanEck. He added that such digital offerings are “further integrating digital assets into mainstream financial markets.” Legal Binding & Other Key Details The legal domicile for the VanEck Treasury Fund lies in the British Virgin Islands. It is overseen by VanEck Absolute Return Advisers Corporation while VanEck Securities Corporation takes care of the marketing task. Securitize Markets, LLC acts as the placement agent of the fund which is managed by Securitize Fund Services. Daily valuation data will be provided through a blockchain oracle network – RedStone, and the asset custodian will be State Street Bank & Trust Company. With over $3.9 billion in tokenized securities being managed by Securitize as of May 12, 2025, this collaboration is a turning point toward interconnecting the traditional finance system with decentralized technology. Besides, a sset manager VanEck has actively pursued crypto ETFs, with its recent push for a spot BNF ETF with an innovative staking mechanism. Source: https://www.crypto-news-flash.com/vaneck-launches-120b-tokenized-treasury-fund-on-ethereum-solana-more/?utm_source=rss&utm_medium=rss&utm_campaign=vaneck-launches-120b-tokenized-treasury-fund-on-ethereum-solana-more
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