In a groundbreaking move, VanEck tokenized fund VBILL has gone live on major blockchain networks like Solana, Ethereum, BNB Chain, and Avalanche. The multichain launch milestone was achieved in partnership with Securitize, a leading tokenization platform.
VanEck Treasury Fund VBILL offers investors real-time access to U.S. Treasury-backed assets with enhanced security and transparency.
“By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets,” stated Kyle DaCruz, Director of Digital Assets Product at VanEck.
VanEck Launches VBILL on Solana, Ethereum, BNB Chain, Avalanche
In a recent press release, VanEck announced the launch of its first tokenized fund (VBILL) on multiple blockchain networks. Leveraging blockchain’s potential, the asset manager intends to revolutionize investment accessibility and flexibility in the realm of short-term U.S. Treasuries.
Reportedly, VanEck tokenized fund is now live on Avalanche, BNB Chain, Ethereum, and Solana. Wormhole’s cross-chain interoperability enables smooth and secure token transfers between these networks. Integrating Securitize’s services like tokenization, fund administration, transfer agency, and broker-dealer capabilities, VBILL is expected to enhance market access, liquidity, and operational efficiency for investors. DaCruz cited, “Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors.”
It is noteworthy that VanEck’s VBILL launch on the BNB Chain coincides with the increasing BNB ETF frenzy. Recently, the asset manager filed an S-1 form to launch the first-ever BNB ETF.
VBILL to Drive Innovation through Tokenization
Notably, VanEck crypto fund is set to revolutionize the tokenization of real-world assets, offering enhanced liquidity and accessibility. In an X post, Securitize wrote, “VBILL is a blockchain-native alternative to money market funds: This U.S. Treasury-backed fund unlocks 24/7 liquidity, real-time settlement, and institutional-grade infrastructure. A major milestone in bringing real-world assets on-chain.”
Further, commenting on the collaboration with VanEk, Securitize co-founder Carlos Domingo added,
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.
Significantly, this development comes amid the US SEC’s increased discussions on tokenization.
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