TL;DR
- VanEck launches VBILL, its first tokenized fund backed by U.S. Treasury bonds, in partnership with Securitize.
- The fund will be available on Avalanche, BNB Chain, Ethereum, and Solana, with cross-chain interoperability enabled by Wormhole, and will allow 24/7 subscriptions in USDC.
- With RedStone collaborating as a price oracle, VBILL will enable instant capital movement through Agora’s AUSD.
VanEck continues to expand its product catalog, announcing the launch of VBILL, its first tokenized fund backed by U.S. Treasury bonds.
VanEck partnered with Securitize to bring this proposal to blockchain, enabling institutional and qualified investors to access an asset with continuous liquidity and immediate settlement. This product comes in response to the growing interest from major companies seeking to incorporate traditional financial instruments into decentralized environments.
VBILL: A High Interoperability Product
VBILL will be available on Avalanche, BNB Chain, Ethereum, and Solana. Additionally, it will feature cross-chain interoperability through Wormhole, facilitating smooth token transfers between networks. The fund will accept 24/7 subscriptions in USDC, eliminating the time constraints of traditional markets and allowing users to enter and exit positions at any time.
The fund’s structure takes advantage of Securitize’s integrated services, which cover tokenization, fund administration, transfer agency, and brokerage. This combination aims to streamline operations and offer greater flexibility for investors who require more dynamic alternatives for managing liquidity on the blockchain.
VanEck Trusts RedStone with Price Reliability and Transparency
One of the intended uses for VBILL will be to provide atomic liquidity via Agora’s stablecoin AUSD. This functionality allows on-chain investors to move capital instantly, reducing waiting times and minimizing costs associated with traditional transactions. To maintain transparency, RedStone will serve as the price oracle, calculating the daily net asset value (NAV) of the fund.
The minimum investment to participate in VBILL starts at $100,000 on Avalanche, BNB Chain, and Solana, and rises to $1,000,000 on Ethereum. State Street Bank & Trust will serve as the custodian of the fund’s assets, which are organized under the jurisdiction of the British Virgin Islands. Van Eck Absolute Return Advisers will handle management, and Van Eck Securities will act as the marketing agent.
The initiative seeks to naturally integrate tokenized assets into traditional financial markets, using the programmability and speed of blockchain to modernize fixed-income products and cash management. With this launch, VanEck and Securitize provide a new tool for investors seeking secure assets, greater liquidity, and operational efficiency
