VanEck’s VBILL Tokenized Fund Now Live on Major Blockchains

VanEck, a well-known investment company, has recently launched its first tokenized fund, VBILL. The fund is now live on four major blockchain networks: Solana (SOL), Ethereum (ETH), BNB Chain, and Avalanche. VanEck teamed up with Securitize to launch VBILL on these blockchain platforms. This tokenized fund is designed to give investors real-time access, better transparency, and the ability to trade anytime, day or night. VBILL Brings U.S. Treasuries Funds On-Chain VBILL is backed by U.S. Treasury assets and is designed to give investors a secure and flexible way to manage their cash. VBILL uses smart contracts and blockchain technology to improve how people invest in traditional financial products. Kyle DaCruz, Director of Digital Assets Product at VanEck, explained that the launch’s goal is to make U.S. Treasury assets easier to access and safer to use. The initiative aims to achieve this by moving them onto the blockchain, making them faster to manage. VBILL is also created to help connect digital assets with traditional financial markets. VBILL is Powered by Securitize and Wormhole VanEck partnered with Securitize, a trusted tokenization platform, to launch VBILL. Securitize fully supports token creation, fund administration, transfer services, and broker-dealer functions. This partnership ensures that VBILL meets regulatory standards while using the benefits of blockchain. Additionally, the asset manager worked with Wormhole, a cross-chain technology, to allow smooth and secure movement of the tokenized fund across Avalanche, BNB Chain, Ethereum, and Solana. This flexibility would let investors easily manage and move their assets between different networks. Securitize described VBILL as a blockchain-based alternative to traditional money market funds. This is because VBILL offers benefits like 24/7 access, instant settlement, and strong infrastructure, which make the tokenized fund more efficient and accessible. Traditional money market funds usually only work during business hours and need manual settlement. Carlos Domingo, co-founder of Securitize, said VBILL shows how tokenization can create new market opportunities with blockchain’s speed, transparency, and flexibility. VBILL Launches Amid BNB ETF Plans Interestingly, VBILL is launching on the BNB Chain just as VanEck has applied to create the first-ever BNB and Avalanche exchange-traded fund (ETF). This move may help VanEck expand into blockchain-based financial products and tokenizing real-world assets (RWA). Notably, this is happening as industry leaders are engaging the US Securities and Exchange Commission (SEC) to increase its focus on tokenization. VanEck believes tokenized funds like VBILL will help improve market liquidity, reduce settlement times, and make investment options more open to everyone. As more investors explore digital assets, tools like VBILL offer a safer and regulated way to participate in blockchain-based finance. The post VanEck’s VBILL Tokenized Fund Now Live on Major Blockchains appeared first on TheCoinrise.com .

Source: The Coin Rise