VanEck has launched a new tokenized treasury bond fund, VBILL, marking a significant step forward in the integration of blockchain technology into institutional finance. The fund, supported by Wormhole’s interoperability protocol, provides seamless operations on multiple blockchains including Ethereum, Solana, and BNB Chain. 💰 This launch signifies a pivotal shift towards blockchain-powered financial services, driven by increasing demand for tokenized assets from institutional investors. 📈 Wormhole ensures smooth cross-chain integration, facilitating efficient settlement of transactions across these platforms. 🔐 Dan Reecer, co-founder of Wormhole, emphasizes the fund’s role as essential infrastructure on which a future internet of value is being built. He believes this will facilitate real-world asset tokenization and interoperability between different financial systems. The VBILL fund is poised to increase transaction volumes and liquidity across the supported blockchains, benefiting from Wormhole’s infrastructure that enhances blockchain utilization and efficiency. 📈 This launch coincides with a growing trend of institutional adoption of tokenized assets in finance, and reflects broader trends towards integrating blockchain technology into financial markets.