VanEck has launched VBILL, a tokenized U.S. Treasury fund built in partnership with Securitize, marking a bold institutional move into the $3.5 billion crypto tokenization sector.
U.S. asset manager VanEck has launched a tokenized U.S. Treasury fund on Ethereum, Solana, Avalanche, and BNB Chain, targeting institutional crypto investors with a minimum investment requirement of $100,000.
The fund, named VBILL and developed in partnership with Securitize, will offer a tokenized version of a U.S. Treasury fund. The offering will be available for a minimum investment of $100,000 on Solana, Avalanche, and BNB Chain, and $1 million on Ethereum.
To ensure compliance, the fund has completed registration with the U.S. Securities and Exchange Commission (SEC), setting minimum accreditation levels and other registration requirements. This will restrict participation in the fund to accredited entities and large fund managers.
To facilitate seamless participation by crypto investors, VBILL will be enlisted by Wormhole for cross-chain interoperability and frictionless movement of the VBILL tokens across Avalanche, BNB, Ethereum, and Solana chains.
“We are excited to partner with VanEck to launch this innovative tokenized fund,” said Carlos Domingo, CEO and co-founder of Securitize. “Combining VanEck’s deep experience in institutional investing with Securitize’s technology and expertise in tokenization, we are able to create a product that offers the best of both worlds.”
“Tokenized funds like VBILL are crucial for enhancing market liquidity and efficiency,” said Kyle DaCruz, Director of Digital Assets Product at VanEck. “We are also pleased to be working with Securitize, a leading provider of tokenization technology, to bring this fund to market.”
The launch of VBILL comes amid growing interest in the tokenization of real-world assets (RWAs). Despite a slight pullback this week, the sector dipped 0.4% to $3.5 billion, led by real estate, gold, and U.S. Treasury-backed assets.
The slowdown in the tokenized asset sector follows a period of rapid growth, sparked by the launch of Rockwell Group's tokenized real estate fund on Ethereum in April. The sector reached a peak market cap of $3.6 billion in May, before slowing down due to a lack of new fund launches.
