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A leading real-world asset platform with nearly $4 billion in tokenized securities under management is partnering with VanEck to launch the global investment firm’s first tokenized fund.
In a new press release, VanEck announces the launch of VanEck Treasury Fund (VBILL) in partnership with Securitize.
VBILL is available for use on Avalanche (AVAX), BNB Chain (BNB), Ethereum (ETH) and Solana (SOL), all layer-1 blockchains.
Says Carlos Domingo, Co-Founder and CEO of Securitize, of the partnership,
“We are proud to continue enhancing how investors access tokenized securities.
This collaboration merges the best of Securitize’s fully integrated tokenization model with VanEck’s deep expertise of asset management. With VBILL, our combined efforts demonstrate tokenization’s ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology.”
VBILL uses Secruitize’s tokenization, fund administration, transfer agency, and broker-dealer services.
Adds Kyle DaCruz, Director of Digital Assets Product at VanEck,
“By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets.
Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors.”
Last month, the U.S. Securities and Exchange Commission (SEC) greenlit a new, crypto-related, “Oncahin Economy exchange-traded fund (ETF)” from VanEck.
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Featured Image: Shutterstock/Sep21 Studio/cgterminal
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