VanEck Launches First Tokenized Fund Backed by U.S. Treasuries

VanEck launched the VanEck® Treasury Fund, Ltd. (VBILL) on Tuesday, July 13th, marking the first real-world asset (RWA) tokenized fund from the global investment manager. The partnership with Securitize, a RWA platform with total assets under management (AuM) of $3.9 billion (as of May 12th), will propel VBILL to market prominence. VBILL aims to provide investors with safe and real-time access to U.S. Treasury securities through its blockchain-enabled structure. 24/7 liquidity for this fund is available via onramps supported by USDC stablecoins.