VanEck, Which Manages Billions of Dollars, Announces New Fund: It Will Operate on These Four Altcoin Networks

Global investment giant VanEck has announced the launch of its first tokenized fund, the VanEck Treasury Fund (VBILL), in collaboration with tokenization platform Securitize. The new fund combines the security of traditional finance with the efficiency of decentralized technology by providing qualified investors with blockchain-based access to U.S. Treasury-backed assets. The fund is initially available on the Avalanche, BNB Chain, Ethereum and Solana networks, with cross-blockchain interaction enabled by the Wormhole protocol. Related News: Diamond Hands Started Selling Bitcoin (BTC) and Ethereum (ETH)! Here Are Their Transactions and Their Jaw-Dropping Profits! “This collaboration demonstrates that tokenization creates new market opportunities with the advantages of speed, transparency, and programmability,” said Carlos Domingo, CEO of Securitize. “By moving U.S. Treasury bonds onto the chain, we are offering investors a transparent, secure, and liquid cash management tool,” said Kyle DaCruz, Director of Product Development at VanEck Digital Assets. The fund’s shares are issued and recorded directly on the blockchain, providing faster clearing times and greater transparency compared to traditional fund structures. The fund will be open to institutional and qualified investors only. The minimum investment amount is $100,000 for Avalanche, BNB Chain and Solana, and $1 million for Ethereum. *This is not investment advice. Continue Reading: VanEck, Which Manages Billions of Dollars, Announces New Fund: It Will Operate on These Four Altcoin Networks