VanEck Launches Tokenized US Treasury Fund

By: blockhead co|2025/05/14 03:15:05
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Investment management firm VanEck, in collaboration with tokenization platform Securitize, has launched its first tokenized fund, the VanEck Treasury Fund (VBILL). This fund offers qualified investors a blockchain-based alternative to traditional money market funds, backed by U.S. Treasuries, with the added benefits of 24/7 liquidity and real-time settlement."This collaboration merges the best of Securitize's fully integrated tokenization model with VanEck's deep expertise of asset management. With VBILL, our combined efforts demonstrate tokenization's ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology," Carlos Domingo, co-founder and CEO of Securitize, said in a statement on Tuesday.VBILL is initially accessible on the Avalanche, BNB Chain, Ethereum, and Solana blockchains, leveraging Wormhole for cross-chain interoperability to facilitate seamless token transfers. The fund utilizes Securitize's integrated services for tokenization, fund administration, transfer agency, and broker-dealer capabilities.The tokenized fund aims to broaden use cases, including atomic liquidity through Agora's USD stablecoin (AUSD), and enables round-the-clock issuance via USDC onramps. Shares of VBILL are issued and recorded on-chain, providing investors with enhanced transparency and faster settlement times. The fund is designed for institutional and qualified investors, with minimum subscriptions starting at $100,000 on Avalanche, BNB Chain, and Solana, and $1,000,000 on Ethereum. State Street Bank and Trust Company will serve as the custodian for the fund's assets.Securitize has over $3.9 billion in assets under management, as of May 12, 2025, and has issued tokenized funds in partnership with asset managers such as Apollo, BlackRock, Hamilton Lane, KKR and others.Stay ahead of the curve. Join the Blockhead community on Telegram @blockheadco

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