VanEck has entered the tokenized real-world asset (RWA) space with VBILL, a fund offering exposure to short-term U.S. Treasuries across multiple blockchains. The move signals growing institutional interest in blockchain-native yield products, positioning VanEck against competitors like BlackRock.
- VBILL is available on four blockchains (Avalanche, BNB Chain, Ethereum, Solana) with a $100K minimum investment ($1M on Ethereum).
- The fund integrates with Wormhole for cross-chain transfers and Agora’s AUSD for atomic redemptions, enhancing liquidity.
- VanEck’s entry follows BlackRock’s BUIDL, signaling a race among TradFi giants to capture crypto-native treasury demand.
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