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Bitcoin Giant Issues U.S. Treasury-Focused Token in Collaboration with Securitize!
VanEck and Securitize announced the tokenized fund VBILL, which offers investors the opportunity to invest in U.S. Treasury bonds on the blockchain.
As blockchain-based investment solutions become increasingly common, the integration of traditional financial instruments into the digital world is also gaining momentum. VanEck and Securitize, pioneers in this integration, provide investors with transparent and liquid access to U.S. Treasury bonds through the tokenized fund called VanEck Treasury Fund Ltd. (VBILL). The fund aims to offer an effective and secure tool, especially in cash management.
Kyle DaCruz, VanEck’s Director of Digital Assets, stated the importance of the fund by saying, "Tokenized funds like VBILL are enhancing market liquidity and efficiency. This underscores our commitment to providing value to our investors." The fund will operate on Avalanche (AVAX), BNB Chain, Ethereum, and Solana (SOL) blockchains using Securitize’s integrated services. For cross-chain transactions, the Wormhole protocol will be utilized.
Securitize, which is in a leading position in tokenization, currently hosts tokenized securities worth a total of $3.9 billion. The company’s CEO, Carlos Domingo, who works with major financial institutions like Apollo, BlackRock, Hamilton Lane, and KKR, made the following statements regarding the new fund:
"With VBILL, we once again demonstrate that the speed, transparency, and programmability of blockchain technology can create new market opportunities for tokenization."
The minimum investment amount for the fund is set at $100,000 on Avalanche, BNB Chain, and Solana, while it is $1 million on Ethereum. Last month, Securitize also launched a $400 million institutional crypto index fund in partnership with Mantle.
According to current data, the total value of real assets represented on the blockchain has reached approximately $23 billion
XRP-1,65%
SOL0,41%
BTC-0,67%
ETH0,37%
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