🏦🔗 VAN ECK JOINS TOKENIZATION! Launches RWA fund to compete with BlackRock and Franklin Templeton.
The investment firm VanEck is launching its first tokenized fund of real-world assets (RWA), VBILL, offering exposure to U.S. Treasury bills. 🇺🇸 Developed in collaboration with the tokenization platform Securitize, this fund aims to compete directly with similar initiatives from BlackRock (BUIDL) and Franklin Templeton (BENJI). 🚀
VBILL will initially be available on the Avalanche, $BNB Chain, $ETH , and $SOL blockchains. Minimum subscriptions vary between $100,000 (Avalanche, BNB Chain, Solana) and $1 million (#ETH ). 💰
VanEck joins a growing number of traditional financial firms exploring the tokenization of RWA, including giants like BlackRock, Franklin Templeton, and Apollo. U.S. Treasury bonds are one of the largest classes of tokenized assets, only surpassed by private credit. 📊
Securitize, VanEck's partner, has already tokenized over $3.9 billion in assets and recently raised $47 million in a round led by BlackRock. 🤝
Proponents of RWA tokenization highlight its advantages over traditional financial systems, such as faster settlements and greater liquidity for previously illiquid assets. 💨
During an SEC roundtable, Chairman Paul Atkins compared the transition of securities to blockchain with the digital audio revolution, noting the potential of blockchain technology to transform the issuance, trading, ownership, and use of securities, fostering new market activities. 💡
Do you think VanEck's entry will further boost the adoption of RWA tokenization by institutional investors? What advantages of tokenization do you consider most significant?
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