VANECK LAUNCHES VBILL TREASURY FUND ON ETHEREUM, SOLANA, AVALANCHE, AND BNB CHAIN

- VanEck launched its first tokenized fund, the VanEck Treasury Fund (VBILL), in collaboration with tokenization platform Securitize.

- With this fund, investors can invest in US Treasuries with the added advantages of 24/7 liquidity, real-time settlement, and enhanced transparency over traditional money market funds.

- The fund also facilitates atomic liquidity through Agora’s USD stablecoin (AUSD), providing more seamless liquidity options for users.

- The VBILL fund is initially available on four major blockchain networks—Avalanche, BNB Chain, Ethereum, and Solana.

- By utilizing Wormhole for cross-chain interoperability, VBILL facilitates the transfer of tokens across different blockchains with ease.

Designed for Qualified Investors:

- VBILL is aimed at institutional investors and qualified investors, with a minimum subscription requirement of $100,000 for investments on Avalanche, BNB Chain, and Solana, and $1,000,000 for investments on Ethereum.

- Per reports, Securitize would provide integrated services for tokenization, fund administration, transfer agency, and broker-dealer functions.

- The company currently has over $3.9 billion in assets under management and has worked with major asset managers such as Apollo, BlackRock, Hamilton Lane, and KKR.