VanEck to Launch Tokenized US Treasury Fund

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VanEck and Securitize announced on Tuesday their partnership to launch a tokenized fund offering on-chain exposure to US Treasuries.

The VanEck Treasury Fund Ltd. (VBILL) is designed to provide a secure, transparent, and liquid tool for cash management.

“Tokenized funds like VBILL enhance market liquidity and efficiency, reinforcing our commitment to delivering value to investors,” stated Kyle DaCruz, VanEck’s Director of Digital Assets Product.

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