Asset Manager Vaneck launched his first tokenized fund to join a list of institutions going into the race to bring assets on chain with tokenziation.
Vaneck Treasury Fund (VBILL), developed with tokenization specialist Securitize, offers access to chain for short -term US government debt and is available in avalanche Avax$25.77BNB chain Bnb$665.81Ethereum ETH$2,672.45 and Solana Sun$183.74 Networks, according to a press release on Tuesday.
“By bringing us treasuries on the chain, we give investors a secure, transparent and liquid tool for cash management that further integrates digital assets into mainstream-financial markets,” Kyle Dacruz, director of digital assets at Vaneck, said in a statement. “Tokenized funds like VBill improve market liquidity and efficiency, which emphasizes our commitment to give our investors.”
Vaneck that also issues Spot Bitcoin BTC$104.047.15 and ether ETH$2,672.45 ETFs follow the footsteps of Blackrock, Franklin Templeton and other traditional financing companies that launch tokenized products. Tokenization is the process of placing instruments such as bonds, credit, raw materials, real estate on blockchain rails in token form to achieve faster settlements, cheaper transactions and operational efficiency.
Tokenization of US Treasury, a traditional reserve asset, has been at the forefront of this effort. It is a market of almost $ 7 billion now that is growing over 500% in the past year, per year. Rwa.xyz -Data.
VBill is available to qualified investors with a minimum investment of $ 100,000 on most blockchains with $ 1 million minimum subscription to Ethereum. The fund’s assets are owned by State Street and are priced daily using data from Redstones Oracle Service.
Token supports around the clock on Circle’s USDC StableCoin. It also offers nuclear liquidity with Agora’s AUSD stableCOin, which means that VBill -Tokens can be redeemed to AUSD in a single transaction via smart contract. Agora is a stableecoin start -up helped by Nick van Eck, grandson of the founder of Vaneck.
