Key Insights: Amid a general market shift, BNB price is in the spotlight as it eyes a potential breakout

Exchange-traded fund (ETF) issuer VanEck has inked a strategic partnership with Securitize, a leader in Real-World Asset (RWA) tokenization.

Key Insights:

Amid a general market shift, BNB price is in the spotlight as it eyes a potential breakout on a key utility boost.

Exchange-traded fund (ETF) issuer VanEck has inked a strategic partnership with Securitize, a leader in Real-World Asset (RWA) tokenization. The linkup is tied to the BNB Chain, which sparked speculations over a potential rally in BNB price ahead.

These entities have debuted a tokenized fund offering investors on-chain exposure to the U.S. Treasuries.

VanEck’s VBill on BNB Chain

The new fund, VanEck Treasury Fund Ltd. (VBILL), will be available on BNB Chain, Avalanche, Ethereum, and Solana before moving to other blockchains in the future. This move has fueled discussions over its potential impact on AVAX, ETH, SOL, and BNB prices.

While the VBILL fund leverages Securitize’s integrated services, Wormhole will facilitate its cross-chain interoperability.

It is designed to provide investors with a secure, transparent, and liquid tool for cash management.

According to VanEck’s Director of Digital Assets Product Kyle DaCruz, “Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors.”

Similarly, Securitize co-founder and CEO Carlos Domingo noted that the fund’s launch showcases how tokenization is opening up new market possibilities.

This is in addition to delivering the speed, transparency, and programmability that come with blockchain technology.

On Avalanche, BNB Chain, and Solana, an investor must invest a minimum of $100,000 to secure a holding in the VBILL fund.

Acquiring the same stake on the Ethereum blockchain is more expensive, with investors needing up to $1 million.

In the long run, the VBILL fund could compete for market shares with BUIDL, the tokenization product of BlackRock’s partnership with Securitize, and BENJI from Franklin Templeton.

Moreover, this initiative positions VanEck amongst the increasing number of Traditional Finance (TradFi) companies making their foray into the RWA niche.

BNB Price Outlook

Following the news of the fund and its integration, BNB price has recorded some price gains.

The price of the coin traded at $667.24 at the time of this writing, marking a 1.30% increase within the last 24 hours.

Even during the previous seven days, BNB price has seen more than a 10% surge.

With this price rally, the altcoin has successfully maintained its position as the fifth-largest cryptocurrency by market capitalization.

It is currently a close rival to Ethereum, especially as the latter’s market price continues to drop.

Apart from the broader crypto market recovery, this bullish BNB sentiment is catalyzed by several other factors.

A week ago, the coin staged a major comeback after VanEck filed with the US Securities and Exchange Commission (SEC) to list a spot BNB ETF.

This proposed ETF could generate passive income from staking through vetted providers, including potential affiliates of VanEck.