VanEck, a global investment management firm, in collaboration with Securitize, a leading platform for tokenizing real-world assets with over $3.9 billion in assets under management, has introduced the VanEck Treasury Fund, Ltd. (VBILL), a tokenized fund that offers investors on-chain exposure to U.S. Treasury-backed securities. This innovative fund is designed to deliver a secure, transparent, and liquid cash management tool, combining the reliability of U.S. Treasuries with the efficiency of blockchain technology.
VBILL is available across four major public blockchains: Avalanche, BNB Chain, Ethereum, and Solana. The fund leverages Wormhole’s interoperability technology to enable seamless, near-instant token transfers between these chains, enhancing asset mobility and liquidity for investors. This multichain accessibility ensures that VBILL can serve a broad range of institutional and qualified investors by providing real-time settlement and 24/7 liquidity.
Securitize’s integrated services support the fund’s operations, including tokenization, fund administration, transfer agency, and broker-dealer functions, which streamline market access and operational efficiency. The fund invests exclusively in U.S. Treasury obligations and repurchase agreements backed by these securities, maintaining a stable net asset value (NAV) of $1.00 per share and focusing on short maturities to preserve capital and liquidity.
Notably, BNB Chain’s public blockchain status allows anyone to deploy smart contracts, making it an ideal platform for VBILL’s deployment. Binance CEO Changpeng Zhao emphasized this point, welcoming Securitize and VanEck to BNB Chain and clarifying that it is not a private platform but a public blockchain open to all developers.
Minimum investment thresholds are set at $100,000 for Avalanche, BNB Chain, and Solana, and $1,000,000 for Ethereum, reflecting the fund’s institutional focus. The fund is administered by Securitize Fund Services, with State Street Bank and Trust Company serving as custodian and RedStone providing oracle services for daily NAV calculations.
This launch marks a significant step in bridging traditional finance and blockchain technology, showcasing tokenization’s potential to create new market opportunities with enhanced transparency, programmability, and efficiency. As Dan Reecer, Co-Founder of Wormhole, noted, VanEck’s entry into tokenized U.S. Treasuries represents a major milestone for institutional adoption of on-chain finance, with the tokenization market expected to grow substantially in the coming years.
In summary, VBILL offers a pioneering, blockchain-based alternative to traditional money market funds, accessible across multiple public blockchains including BNB Chain, reinforcing the chain’s role as a versatile and open platform for decentralized finance innovation.
