VanEck Launches $VBILL, a Tokenized U.S. Treasury Fund, on Multiple Blockchains with 24/7 Liquidity

VanEck, a $120 billion asset manager, has launched its first tokenized U.S. Treasury fund, named $VBILL, in collaboration with tokenization firm Securitize. The fund is now available on multiple blockchain networks including Ethereum, Avalanche, Solana, and BNB Chain, with cross-chain interoperability enabled by Wormhole, marking VanEck's entry into the tokenization race.

VBILL offers investors on-chain access to short-term U.S. Treasury debt, aiming to provide a secure, transparent, and liquid tool for cash management. The fund provides 24/7 liquidity and real-time settlement. According to Kyle DaCruz, director of digital assets product at VanEck, this move integrates digital assets into mainstream financial markets. VBILL is accessible to qualified investors with a minimum investment of $100,000 on most blockchains, and $1 million on Ethereum. The fund's assets are held by State Street and priced daily using data from Redstone's oracle service.

The token supports around-the-clock onramp with Circle's USDC stablecoin and offers atomic liquidity with Agora's AUSD stablecoin, allowing VBILL tokens to be redeemed in a single transaction via smart contract. Agora is led by Nick van Eck, the grandson of VanEck's founder. This launch is part of a broader trend among traditional finance firms to tokenize real-world assets, following the footsteps of BlackRock and Franklin Templeton.

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