VanEck and Securitize Launch Tokenized U.S. Treasury Fund
VanEck, partnering with Securitize, which manages over $3.9 billion in tokenized securities, has launched VanEck Treasury Fund, Ltd. (VBILL), its first tokenized fund. VBILL provides secure, real-time access to U.S. Treasury-backed assets and operates on Avalanche, BNB Chain, Ethereum, and Solana, with Wormhole enabling cross-chain transfers.
Leveraging Securitize’s tokenization, fund administration, transfer agency, and broker-dealer services, VBILL enhances market access, liquidity, and efficiency. It supports 24/7 issuance via USDC onramps and atomic liquidity through Agora’s USD stablecoin, making it a vital tool for on-chain financial markets.
“By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets,” said Kyle DaCruz, director of digital assets product at VanEck.
VBILL shares, recorded on blockchains, offer transparency and faster settlement. Targeted at institutional and qualified investors, minimum subscriptions are $100,000 on Avalanche, BNB Chain, and Solana, and $1,000,000 on Ethereum.
Securitize Fund Services administers the fund, with RedStone providing daily NAV calculations. State Street Bank and Trust Company is the custodian. Organized under British Virgin Islands law, Van Eck Absolute Return Advisers Corporation manages the fund, with Van Eck Securities Corporation as marketing agent and Securitize Markets, LLC as placement agent.