🚨 Binance Chain Project Onboards VanEck’s VBILL
VanEck’s new tokenized Treasury fund “VBILL” is set to launch on Binance ($BNB ), providing institutional tailwinds. Can this drive BNB’s price to new all-time highs as it rebounds with a rising channel?
VanEck, an asset management company, announced a tokenized real-world asset (RWA) fund, VBILL, to offer exposure to short-term U.S. Treasury bills.
This milestone development is in partnership with Securitize, and the VBILL will operate on Binance Smart Chain, Ethereum, Solana, and Avalanche blockchains.
The launch marks a monumental shift in TradFi towards blockchain technology with the tokenized U.S. Treasuries. Notably, the VBILL accounts for $6.9 billion of the total RWA market.
Driving the blockchain narrative, Securitize previously tokenized over $3.9 billion in assets from BlackRock.
The $100,000 minimum investment barrier for the VBILL fund exposure targets High-Net-Worth Individuals (HNI) and institutions.
Such individuals could fuel the capital flows to all four blockchains as a real-world use case of BNB Chain boosts its credibility in the blockchain-based capital markets.
BNB price trades at $648 after a 10% jump last week, forming a bullish candle. Following the 70% crash from $670 to $202 between November 2021 and October 2023, Binance coin remained an underperformer. Since the 2023 low, the altcoin has surged 270% and formed a new all-time high at $794.
