VanEck, in collaboration with Securitize, has launched its first tokenized fund called VanEck® Treasury Fund, Ltd. ('VBILL'), providing investors with real-time access to U.S. Treasury-backed assets.
Initially available on Avalanche, BNB Chain, Ethereum, and Solana blockchains, VBILL offers 24/7 liquidity, cross-chain interoperability, and integration of services like tokenization and fund administration to enhance market access.
VBILL facilitates atomic liquidity via Agora’s USD stablecoin, enabling 24/7 issuance through USDC onramps to cater to on-chain financial market participants.
Shares of VBILL are issued and recorded on blockchain networks, ensuring transparency, faster settlement times, and a minimum subscription requirement starting at $100,000 for select blockchains.