VanEck has officially launched its initial tokenized fund named the VanEck Treasury Fund (VBILL), which facilitates on-chain access to short-term U.S. Treasury debt across various blockchain networks, including Avalanche, BNB Chain, Ethereum, and Solana.

Key Details:

• Minimum Investment:
  • $100,000 on most blockchains
  • $1 million on Ethereum
• Asset Management: Managed by State Street
• Current Valuation: Priced daily using Redstone’s oracle.

The advancement in the tokenization of conventional assets such as U.S. Treasuries is rapidly gaining traction, appealing to global asset managers thanks to its operational benefits and expedited settlement processes.

“By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, integrating digital assets into traditional financial markets,” stated Kyle DaCruz from VanEck. He emphasized that tokenized funds like VBILL are crucial for enhancing market liquidity.

VanEck, known for its bitcoin and ether ETFs, is now following prominent financial firms like BlackRock and Franklin Templeton in offering tokenized products. This process has the potential to revolutionize the financial landscape, making it more efficient and user-friendly. The current market for tokenized U.S. Treasuries is approximately $7 billion and has increased significantly over the past year.

VBILL also introduces seamless transactions, allowing users to exchange tokens through smart contracts using Circle’s USDC stablecoin, ensuring continuous on-ramp availability.