VanEck's VBILL fund is now live on Solana, Ethereum, BNB Chain, and Avalanche, offering real-time access to U.S. Treasury assets.
Securitize provides full-service infrastructure for VBILL, including token issuance, administration, and broker-dealer functions.
Cross-chain functionality via Wormhole enables smooth transfers of VBILL tokens across multiple supported blockchain networks.
Asset manager VanEck has now fully gone live with its Tokenized treasury fund on top four blockchain networks. Some of these are Solana, Ethereum, BNB Chain and Avalanche. The exercise was carried out in collaboration with Securitize, which is a digital asset platform, that took care of the operation and fund service.
VBILL allows access to short-term U.S. Treasury assets in real-time with the help of blockchain-native infrastructure. This structure offers nonstop liquidity and seeks to increase transparency and security and settlement efficiency. By combining traditional financial tools with blockchain networks, VanEck is opening up the U.S. Treasuries for investors.
Securitize Powers Tokenized Fund Capabilities
Securitize helps VBILL fund not just by providing certain services but with a set of services such as token issuance, transfer agency, broker-dealer operations, and fund administration. These features combine to work towards the smoothing of operational efficiency and enhancing liquidity for institutional and retail investors.
VBILL relies on Wormhole’s cross-chain messaging protocol that guarantees secure and fail-free interaction between blockchain networks. This makes it possible for investors to do transfers of their tokenized assets across the supported chains without friction allowing for multi-network accessibility and flexibility.
The release of VBILL on BNB Chain follows increasing the interests in BNB-oriented exchange-traded funds. VanEck has recently filed to list the first BNB ETF with the U.S. Securities and Exchange Commission while they are in line with the general moves of merging digital currencies and traditional finance.
Tokenized Funds Aim to Modernize Market Access
According to Kyle DaCruz, Director of Digital Assets Product at VanEck, tokenized funds like VBILL are designed to increase market liquidity and improve cash management tools for investors. The fund is positioned as an alternative to traditional money market funds, optimized for on-chain performance and transparency.
Securitize co-founder Carlos Domingo highlighted the significance of this deployment, emphasizing its role in accelerating the adoption of real-world assets on-chain. The collaboration aims to set a precedent for how tokenized finance can operate at scale within regulatory frameworks.
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