VanEck Launches First Tokenized Fund, VBILL on Securitize

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May 13, 2025, 09:00 ET

Initially available on Avalanche, BNB Chain, Ethereum, and Solana, qualified investors can subscribe to VBILL to access a fully-collateralized, blockchain-based alternative to money market funds backed by U.S. Treasuries, with 24/7 liquidity and real-time settlement.

MIAMI, May 13, 2025 /PRNewswire/ -- VanEck, a top global investment management firm, in partnership with Securitize, the leading platform for real-world assets with over $3.9 billion (as of May 12, 2025) in tokenized securities, today announced the launch of the VanEck® Treasury Fund, Ltd. ("VBILL"), its first tokenized fund, designed to provide investors with secure, real-time access to U.S. Treasury-backed assets.

VBILL is initially available across the Avalanche, BNB Chain, Ethereum, and Solana blockchains, with cross-chain interoperability enabled by Wormhole to facilitate seamless and secure token transfers. VBILL leverages Securitize's integrated services, including tokenization, fund administration, transfer agency, and broker-dealer capabilities to enhance market access, liquidity options, and operational efficiency.

VBILL is purpose built to facilitate a broader range of use cases including atomic liquidity via Agora's USD stablecoin ("AUSD"). VBILL enables 24/7 issuance via USDC onramps, positioning the fund as a core building block for on-chain financial market participants.

"We are proud to continue enhancing how investors access tokenized securities," said Carlos Domingo, Co-Founder and CEO of Securitize. "This collaboration merges the best of Securitize's fully integrated tokenization model with VanEck's deep expertise of asset management. With VBILL, our combined efforts demonstrate tokenization's ability to create new market opportunities with the speed, transparency, and programmability of blockchain technology."

"By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets," said Kyle DaCruz, Director of Digital Assets Product at VanEck. Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors."

Shares of VBILL are issued and recorded on blockchain networks, offering investors greater transparency and faster settlement times compared to traditional fund structures. The fund is designed for institutional and qualified investors. Minimum subscriptions start at $100,000 for investments on Avalanche, BNB Chain, and Solana, and $1,000,000 on Ethereum.

The fund will be administered by Securitize Fund Services, with RedStone serving as the oracle network to provide daily net asset value (NAV) calculations. The custodian of the fund's assets is State Street Bank and Trust Company.

The VanEck® Treasury Fund, Ltd. is organized under the laws of the British Virgin Islands, with Van Eck Absolute Return Advisers Corporation serving as investment manager and Van Eck Securities Corporation as marketing agent. Securitize Markets, LLC acts as the placement agent for the offering.

For more information on VBILL, please visit: securitize.io/primary-market/vaneck-vbill

About Securitize
Securitize, the leader in tokenizing real-world assets with $3.9B+ AUM (as of May 12, 2025), is bringing the world on-chain through tokenized funds in partnership with top-tier asset managers, such as Apollo, BlackRock, Hamilton Lane, KKR and others. Securitize, through its subsidiaries, is a SEC-registered broker dealer, digital transfer agent, fund administrator and operator of a SEC-regulated Alternative Trading System (ATS). Securitize has also been recognized as a 2025 Forbes Top 50 Fintech company.

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About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm's drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of April 30, 2025, VanEck managed approximately $116.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm's capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck's passive strategies.

Since our founding in 1955, putting our clients' interests first, in all market environments, has been at the heart of the firm's mission.

General Disclosures
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

The VanEck Treasury Fund ("VBILL," or the "Fund") is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.

The Fund is available to Qualified Purchasers Only. Please carefully read the Private Placement Memorandum before investing. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. The Fund has no operating history and involves a significant degree of risk. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results.

The VanEck Treasury Fund seeks to maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity. The Fund seeks to maintain a stable net asset value ("NAV") per share of $1.00. The Fund pursues its investment objective by investing only in U.S. Treasury obligations, which include securities issued or guaranteed by the U.S. Treasury where the payment of principal and interest is backed by the full faith and credit of the U.S. government ("U.S. Treasury Obligations"), and repurchase agreements collateralized by U.S. Treasury Obligations. The Fund will invest in securities with maturities of (or deemed maturities of) 397 days or less and will maintain a dollar-weighted average portfolio maturity of 60 days or less and a dollar-weighted average portfolio life of 120 days or less. The Fund expects to hold a portion of its assets in cash, primarily to meet redemptions. The Fund may also invest in one or more other pooled investment vehicles managed by third-party investment managers or the Investment Manager or an affiliate thereof that invest in the same types of securities in which the Fund may invest directly. These other pooled investment vehicles may include investment companies registered under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act").

Your individual performance may be different and will be reflected in your monthly investor statement. It is important to rely on the monthly investor statement that you receive from the fund's Administrator, as the statement will indicate your individual performance. An individual investor's performance may differ, perhaps materially, from the performance results set forth herein due to a number of factors, including (a) participation in new issues, (b) timing of individual contributions/ subscriptions and withdrawals/redemptions, (c) any accumulated loss carryforwards and (d) different expenses, fees and other charges paid by certain investors.

An investment in the Fund is subject to risks which include, but are not limited to, risks associated with general investment and trading, credit, interest rate, liquidity, market, operational, shareholder, stable NAV, potential compulsory redemption, suspension of redemptions, and reduced cash flows from fund use of reserves risks. The fund is also subject to various risks related to digital assets which include, but are not limited to, experience with digital securities, ownership, safeguarding of shares, emerging technology, operational and technology, fees and risks related to the use of blockchain, regulatory, potential refusal of service providers to provide services to the fund, and reliance on transfer agent risks, all of which may adversely affect the fund. Please note that this is not an exhaustive list of risks pertaining to the Fund. Please read carefully the PPM for a complete list of potential risks.

VAN ECK ABSOLUTE RETURN ADVISERS CORPORATION ('VEARA"), THE INVESTMENT MANAGER OF THE FUND, IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. THE FUND IS NOT A COMMODITY POOL AND WILL NOT BE REGULATED BY THE U.S. COMMODITY FUTURES TRADING COMMISSION (THE "CFTC") UNDER THE COMMODITY EXCHANGE ACT AND THE RULES THEREUNDER. INVESTORS IN THE FUND WILL NOT RECEIVE THE REGULATORY PROTECTIONS AFFORDED TO INVESTORS IN REGULATED COMMODITY POOLS.

Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in cryptocurrencies.

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SOURCE Securitize