TLDR
- VanEck has launched VBILL, a tokenized fund offering access to short-term US Treasuries on multiple blockchains.
- VBILL is available on Avalanche, Ethereum, Solana, and BNB Chain and uses USDC for 24/7 on-chain issuance.
- The fund is only open to qualified and institutional participants with a minimum investment of $100,000.
- Securitize handles the operational and regulatory framework to ensure network compliance and smooth functionality.
- VanEck uses Wormhole to maintain interoperability between the blockchains supporting VBILL.
VanEck has launched VBILL, a tokenized fund that enables qualified participants to access short-term US Treasuries on-chain. The offering is available on Avalanche, Ethereum, Solana, and BNB Chain and targets crypto-native firms and institutions. VBILL brings a new digital approach to Treasury-backed cash management while enhancing blockchain interoperability and financial transparency.
VBILL Launches on Avalanche for Institutions
VanEck launched VBILL with Avalanche integration to enable fast, low-cost on-chain access to Treasury yield exposure. Avalanche supports a minimum allocation of $100,000, and participants can use USDC for seamless 24/7 on-chain issuance. This model increases flexibility in capital management without relying on traditional financial intermediaries.
Securitize, the tokenization partner, manages backend logistics, fund operations, and regulatory compliance across multiple chains. This collaboration ensures a smooth user experience and robust investor protection standards under institutional frameworks. VBILL leverages Wormhole to maintain interoperability between Avalanche and other blockchains.
VanEck chose Avalanche due to its scalability and compatibility with smart contracts, which makes it suitable for real-time financial applications. The fund is strictly available to qualified parties, with retail users excluded. Avalanche’s efficiency supports near-instant settlement while reducing operational costs for digital asset firms.
Solana Powers Fast Access to VBILL
VanEck extended VBILL to Solana to increase access speed and on-chain liquidity in fixed-income exposure. Solana’s high throughput allows efficient transaction processing and instant blockchain verification for token issuance and redemption. It also enables programmable treasury exposure for institutional digital finance strategies.
USDC provides the on-ramp for issuing VBILL tokens, with the process fully recorded on-chain to improve transparency and auditability. Minimum participation remains $100,000 on Solana, with all trades executed through tokenized smart contracts. This simplifies portfolio allocation for firms holding digital reserves.
Securitize operates fund servicing across Solana and other supported blockchains to maintain compliance and system stability. VanEck aims to create a unified experience for accessing US Treasuries regardless of the blockchain used. With Solana, VBILL helps bridge traditional financial instruments with high-speed decentralized systems.
VanEck Launches VBILL Access on Ethereum
VanEck included Ethereum for its deep liquidity and mature infrastructure but set a $1 million minimum allocation for participation. This higher threshold reflects Ethereum’s broader use in institutional DeFi and its higher transaction costs. VBILL on Ethereum targets firms managing larger portfolios in tokenized assets.
The Ethereum deployment supports smart contract integration with compliance protocols and custody standards suitable for regulated markets. Using Wormhole, Ethereum-based VBILL tokens remain interoperable with assets on other supported blockchains. This ensures users can move tokens securely across chains while retaining exposure to Treasuries.
VanEck leverages Ethereum’s secure network to cater to institutions seeking Treasury exposure with full digital asset compatibility. All activities are recorded on-chain, supporting transparency in fund operations and asset allocation. The fund supports treasury-backed income generation strategies through a compliant, digital-native platform.
BNB Chain Expands Fund Access for Crypto-Native Entities
VBILL is also available on BNB Chain, targeting blockchain firms seeking low-cost and scalable treasury allocation methods. VanEck selected BNB Chain for its growing adoption within DeFi ecosystems and fast settlement capabilities. The $100,000 minimum applies here, aligning with the Avalanche and Solana models.
BNB Chain supports fast issuance using USDC, offering real-time access to VBILL with stablecoin-based cash management on-chain. Smart contracts govern fund activities and settlement, removing manual processes and enabling 24/7 availability. VanEck applies uniform standards across chains to ensure secure participation.
