Vaneck推出了针对机构投资者的第一个RWA令牌化基金

5月13日推出的VBILL代币基金为机构投资者提供了代币化的美国财政账单。

A new tokenized fund from VanEck will give institutional investors the chance to invest in US Treasury bills.

Vaneck的新标记基金将使机构投资者有机会投资美国国库账单。

The VBILL token fund, which launches on May 13, is part of a partnership with Securitize, the tokenization platform that supports the entire operation of the fund.

VBILL代币基金于5月13日启动，是与Securitize合作的一部分，Securitize是支持该基金全部运营的令牌化平台。

It will be open for subscriptions in four major blockchains – Ethereum, Solana, Avalanche, and BNB Chain. On three of those chains (Avalanche, Solana, and BNB Chain), the minimum subscription is $100,000. For Ethereum, the minimum investment is $1 million.

它将在四个主要区块链中进行订阅 - 以太坊，索拉纳，雪崩和BNB链。在其中三个连锁店（雪崩，Solana和BNB链）上，最低订阅为100,000美元。对于以太坊而言，最低投资为100万美元。

The fund is part of VanEck’s efforts to expand its presence in the real-world asset (RWA) tokenization market. It will offer institutions exposure to one of the biggest traditional asset classes that are currently being integrated into Web3.

该基金是Vaneck努力扩大其在现实世界中的业务（RWA）令牌化市场的努力的一部分。它将提供机构接触目前正在集成到Web3中的最大传统资产类别之一。

The tokenized US Treasury market is already seeing products from BlackRock (BUIDL) and Franklin Templeton (BENJI). In January, Apollo launched a private credit tokenized fund.

标记的美国财政市场已经在看到贝莱德（Buidl）和富兰克林·邓普顿（Benji）的产品。 1月，阿波罗启动了一个私人信贷令牌基金。

According to RWA.xyz data, tokenized US Treasurys have a total market capitalization of $6.9 billion, making it the second-largest asset class in the RWA space, smaller only than private credit.

根据RWA.xyz数据，标记的美国财政部的总市值为69亿美元，使其成为RWA领域的第二大资产类别，仅比私人信贷小。

The VBILL token fund aims to provide institutions with access to Treasury exposure through smart contract systems and digital compliance tools for efficient reporting.

VBILL代币基金旨在通过智能合同系统和数字合规工具为机构提供访问国库的曝光，以有效地报告。

It also expands the presence of large financial institutions in blockchain-based markets. Earlier this year, Franklin launched its BENJI RWA token fund, while Apollo announced a private credit tokenized fund for large investors.

它还扩大了基于区块链的市场中大型金融机构的存在。今年早些时候，富兰克林（Franklin）启动了Benji RWA代币基金，而阿波罗（Apollo）宣布了为大型投资者提供私人信贷令牌基金。

Securitize Platform Supports VBILL Token Fund

证券化平台支持VBILL令牌基金

The Securitize tokenization platform will be used for the complete operation of VanEck’s VBILL token fund.

证券化令牌平台将用于Vaneck的VBill代币基金的完整运营。

Securitize has tokenized over $3.9 billion in assets across various structures by May 2024, and the company also secured $47 million in funding at a valuation of $660 million in a round led by BlackRock.

到2024年5月，Securitize已将各种建筑物的39亿美元的资产投入到代币，该公司还获得了4,700万美元的资金，其估值为6.6亿美元，由贝莱德（Blackrock）领导。

Securitize’s platform facilitates the issuance and tracking of regulated digital securities. It will help VanEck launch and maintain the VBILL token fund across all four blockchain networks. The platform will be used to ensure digital compliance and record-keeping for the institutional-grade financial instruments.

证券化的平台有助于发行和跟踪受监管的数字证券。它将帮助Vaneck启动并维护所有四个区块链网络的VBILL代币基金。该平台将用于确保机构金融工具的数字合规性和记录保存。

The partnership will give VanEck access to Securitize’s full-stack infrastructure for managing tokenized assets. This includes smart contract deployment, digital identity checks, and blockchain-based reporting.

该合作伙伴关系将使Vaneck访问Securitize的全栈基础架构，用于管理令牌化资产。这包括智能合同部署，数字身份检查和基于区块链的报告。

It will also provide services for know-your-customer (KYC)/anti-money laundering (AML) screening and administrative capabilities.

它还将为知识客户（KYC）/反洗钱（AML）筛查和管理能力提供服务。

Former SEC Chair Weighs In on Tokenization Impact

前美国证券交易委员会主席对令牌化影响

At a recent U.S. Securities and Exchange Commission roundtable on May 12, on the technical and legal changes needed as more firms adopt onchain models for securities, former SEC Chair Paul Atkins made interesting remarks.

在5月12日的美国证券和交易委员会最近的一次圆桌会议上，由于越来越多的公司采用证券的链式模型所需的技术和法律变更，前美国证券交易委员会主席保罗·阿特金斯（Paul Atkins）发表了有趣的评论。

He compared the impact of RWA tokenization to the digital transition seen in the music industry.

他将RWA令牌化的影响与音乐行业中的数字过渡进行了比较。

“Just as the shift to digital audio revolutionized the music industry, the migration to onchain securities has the potential to revolutionize aspects of the securities market by enabling entirely new methods of issuing, trading, owning, and using securities,” Paul Atkins SEC stated.

保罗·阿特金斯（Paul Atkins）说：“正如向数字音频的转变彻底改变了音乐行业一样，向Onchain证券的迁移也有可能通过实现全新的发行，交易，拥有和使用证券的全新方法来彻底改变证券市场的各个方面。”

He added that blockchain infrastructure could alter the fundamental nature of securities, and that many existing SEC rules do not address the new market structures that are being created by tokenized assets.

他补充说，区块链基础设施可能会改变证券的基本性质，并且许多现有的SEC规则并不能解决由标记资产创建的新市场结构。

The roundtable discussion was held to assess the legal and technical implications as more firms adopt onchain models for capital market instruments.

进行圆桌讨论是为了评估法律和技术含义，因为越来越多的公司采用链型模型用于资本市场工具。

Paul Atkins SEC highlighted how digital systems may soon introduce new ways to manage securities.

保罗·阿特金斯（Paul Atkins）SEC强调了数字系统如何很快推出新的管理证券方式。