VanEck Launches VBILL Tokenized Fund with Exposure to US Treasuries

• VBILL tokenized fund offers access to Treasury bonds
• VanEck expands its operations with tokenized real assets (RWA)
• Tokenization of real assets brings liquidity and agility

Investment manager VanEck has announced the launch of its first tokenized real-world asset (RWA) fund, focusing on U.S. Treasury bills. The initiative is being carried out in collaboration with Securitize, a platform specializing in asset tokenization, and marks yet another significant move by traditional financial institutions into the digital asset sector.

Dubbed VBILL, the new fund will offer tokenized access to U.S. government bonds and will initially be available on the Ethereum, Avalanche, Solana and BNB Chain blockchains. According to the announcement, the minimum subscription amount varies depending on the network: US$100 for Avalanche, Solana and BNB Chain, while on Ethereum the minimum entry will be US$1 million.

🤝 @VanEck_us , a top global investment management firm with ~$120 billion in assets under management, has launched $VBILL , their first tokenized Treasury fund, across @Solana , @AVAX , @BNBCHAIN and @Ethereum .

Tokenization by @Securitize
Interoperability by @Wormhole pic.twitter.com/fYj9Q8al3s

— Wormhole (@wormhole) May 13, 2025

VanEck follows in the footsteps of giants such as BlackRock, Franklin Templeton and Apollo, which have shown increasing interest in tokenizing RWA. In January, Apollo — which manages $751 billion in assets — also introduced its own tokenized fund focused on private credit.

Data from RWA.xyz shows that US Treasuries already represent one of the largest categories within the tokenized funds market, totaling a market capitalization of US$6,9 billion — second only to private credit assets.

VanEck’s partner in this project, Securitize, has accumulated over US$3,9 billion in tokenized assets. The company also received an investment of US$47 million in May 2024, during a strategic investment round led by BlackRock.