VanEck Launches VBILL, a Tokenized Fund That Enables Access to Short-Term US Treasuries On-Chain

VanEck has launched VBILL, a tokenized fund that enables qualified participants to access short-term US Treasuries on-chain.

VanEck has launched VBILL, a tokenized fund providing qualified participants with access to short-term US Treasuries on-chain.

Available on Avalanche, Ethereum, Solana, and BNB Chain, the offering is designed for crypto-native firms and institutions.

This launch brings a new digital approach to Treasury-backed cash management, enhancing blockchain interoperability and financial transparency.

Announced in March, VanEck’s VBILL has been integrated on Avalanche to enable rapid, low-cost on-chain access to Treasury yield exposure.

Avalanche supports a minimum allocation of $100,000 and participants can use USDC for seamless 24/7 on-chain issuance.

This model promotes flexibility in capital management without traditional financial intermediaries.

Securitize, the tokenization partner, manages backend logistics, fund operations, and regulatory compliance across multiple chains.

This collaboration ensures a smooth user experience and robust investor protection standards within institutional frameworks.

VBILL also utilizes Wormhole for interoperability between Avalanche and other chains.

“We selected Avalanche due to its scalability and compatibility with smart contracts, which makes it suitable for real-time financial applications,” said Marc Menendez, head of digital assets at VanEck.

“The fund is strictly available to qualified parties, with retail users excluded.”

He added that Avalanche’s efficiency supports near-instant settlement while reducing operational costs for digital asset firms.

Solana support expands access to VBILL

The integration on Solana was announced in April, highlighting the speed and on-chain liquidity of this chain for fixed-income exposure.

Solana’s high throughput enables efficient transaction processing and instant blockchain verification for token issuance and redemption.

It also enables programmable treasury exposure for institutional digital finance strategies.

USDC provides the on-ramp for issuing VBILL tokens, with the process fully recorded on-chain to promote transparency and auditability.

Minimum participation is $100,000 on Solana, with all trades executed through tokenized smart contracts.

This simplifies portfolio allocation for firms holding digital reserves.

Securitize handles fund servicing across Solana and other supported chains to maintain compliance and system stability.

The partnership aims to create a unified experience for accessing US Treasuries regardless of the blockchain used.

“With Solana’s integration, we are bridging traditional financial instruments with high-speed decentralized systems,” said Menendez.

Announced in May, the Ethereum deployment has a higher minimum allocation threshold of $1 million due to the chain’s broader use in institutional DeFi and its higher transaction costs.

This tier of participation is designed for firms managing larger portfolios in tokenized assets.

The Ethereum deployment supports smart contract integration with compliance protocols and custody standards suitable for regulated markets.

Using Wormhole, Ethereum-based VBILL tokens will be interoperable with assets on other supported chains.

This ensures users can move tokens securely across chains while retaining exposure to Treasuries.

“We are leveraging Ethereum’s secure network to cater to institutions seeking Treasury exposure with full digital asset compatibility,” said Menendez.

All activities are recorded on-chain, supporting transparency in fund operations and asset allocation.

The fund supports treasury-backed income generation strategies through a compliant, digital-native platform.

The BNB Chain integration expands access to crypto-native entities.

This deployment maintains the $100,000 minimum and supports fast issuance using USDC, offering real-time access to VBILL with stablecoin-based cash management on-chain.

Smart contracts govern fund activities and settlement, removing manual processes and enabling 24/7 availability.

VanEck applies uniform standards across chains to ensure secure participation.