VanEck Issues Tokenized Money Market Fund

VanEck is the latest asset manager to introduce a tokenized treasury fund, the VanEck Treasury Fund (VBILL), partnering with Securitize for tokenization, fund administration, and transfer agency.

Securitize also partners with BlackRock for its BUIDL money market fund.

“By bringing U.S. Treasuries on-chain, we’re offering investors 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 enhance market liquidity and efficiency, highlighting our commitment to delivering value to investors.”

The fund, based in the British Virgin Islands, targets institutional and qualified investors with minimum subscriptions of $100,000 for investments on Avalanche, BNB Chain, and Solana, and $1,000,000 on Ethereum.