VanEck launches first tokenized treasury fund, VBILL, accessible via blockchain

VanEck has launched VBILL, the first tokenized treasury fund, available to qualified investors across several blockchains including Avalanche, BNB Chain, Ethereum, and Solana. This offering provides a blockchain-based alternative to traditional money market funds with features like 24/7 liquidity and real-time settlement. Cross-chain functionality via Wormhole ensures seamless transfers between networks. This move represents a significant step towards bridging the gap between traditional finance and blockchain infrastructure.