VanEck, Securitize launch tokenized US Treasury fund across four blockchains

VanEck and Securitize said Tuesday they have partnered to launch a tokenized fund offering investors onchain exposure to U.S. Treasurys.

The fund, called VanEck Treasury Fund Ltd. (VBILL), is aimed at providing a secure, transparent and liquid tool for cash management.

"Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors," VanEck's Director of Digital Assets Product Kyle DaCruz said in a statement. 

While leveraging "Securitize's integrated services" the VBILL fund is initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains with Wormhole facilitating cross-chain interoperability.  

Securitize is the leading platform for real-world assets with over $3.9 billion in tokenized securities, according to the statement. The company has worked with firms such as Apollo, BlackRock, Hamilton Lane and KKR.

"With VBILL, our combined efforts demonstrate tokenization's ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology," Securitize co-founder and CEO Carlos Domingo said. 

To buy into VBILL, a minimum investment of $100,000 is required for exposure on Avalanche, BNB Chain and Solana, or $1,000,000 on Ethereum, the companies said.

Last month, Securitize launched an institutional crypto index fund in partnership with Mantle, which committed $400 million as the fund's anchor investment.

According to RWA.xyz, there is currently nearly $23 billion worth of real-world assets represented onchain.