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VanEck, one of the leading Bitcoin ETF issuers, recently proposed several experimental projects. They suggested using Bitcoin-linked bonds to manage the refinancing of US debt.

Today, VanEck is once again blazing new trails with VBILL, which tokenizes exposure to US Treasury bonds on the blockchain.

With VBILL, VanEck clients gain a digitally native way to access Treasury-backed assets. Initially, the fund is available on Avalanche, BNB Chain, Ethereum, and Solana, but it also uses Wormhole to further ensure interoperability.

VBILL uses USDC on-ramps to enable 24/7 issuance, all recorded on the blockchain. The fund is intended solely for qualified and institutional investors. For Avalanche, BNB Chain, and Solana, the minimum buy-in is $100,000, but it increases to $1 million for Ethereum.

The tokenization of US Treasury bonds could be an important milestone.