VanEck's Revolutionary Tokenized Fund VBILL Launched
VanEck, a leading global asset management company, has taken a big step towards financial innovation by launching its first tokenized fund. The name of this fund is VanEck Treasury Fund (VBILL), which has been introduced in collaboration with Securitize. VBILL specifically gives investors the opportunity to invest in short-term US Treasury Bills and this entire process is now possible through blockchain technology. This fund is available on major blockchain networks like Ethereum, Solana, Avalanche and BNB Chain.
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Taking a step further in this direction, recently VanEck launched a new Crypto Stock ETF NODE, which has been approved by the SEC. This VanEck Onchain Economy ETF (NODE) will trade in the US stock market from 14 May 2025 and will invest in companies that are working on the onchain economy and blockchain infrastructure. VBILL and NODE are part of VanEck's strategy to make investing smarter and more transparent by combining traditional finance with blockchain technology.
What is VBILL?
VBILL is a tokenized fund that makes traditional US Treasury Bills digitally available by bringing them to the blockchain. Its biggest feature is that it gives investors 24/7 access, real-time pricing and fast settlement. While investments and settlements can take longer and have complications in the traditional financial system, VBILL makes this process more transparent, fast and efficient.
On-chain shares and real-time pricing
The shares that investors receive when investing in VBILL are stored on the blockchain. This means that investors can see the real-time value and ownership of their investment at any time. VBILL updates its net asset value (NAV) daily using RedStone oracle data. This provides a new level of transparency and control not possible with traditional funds.
Investment Terms and Minimum Investment
The VBILL Fund is primarily designed for institutional and qualified investors. The minimum investment amount varies by network:
On Ethereum Network: $1 million
On Avalanche, Solana and BNB Chain: $100,000
All assets are secured under State Street Bank & Trust Company, a leading and trusted financial institution.
Atomic Liquidity and Smart Contracts
Another great feature of VBILL is its atomic liquidity. This means that investors can convert their tokens into stablecoins instantly via blockchain-based smart contracts. This feature is made possible with the AUSD Stablecoin created by Agora, a partner company of VanEck. This allows investors to liquidate their capital anytime and from anywhere.
Blockchain Interoperability and Wormhole Technology
VBILL uses the Wormhole interoperability protocol to make asset transfers between different blockchain networks easy and secure. This allows users to move their funds from one blockchain to another, which is a big step towards cross-chain finance.
VBILL's tokenization process is handled by Securitize, which provides fund administration, broker-dealer services, and transfer agency.