VanEck, a $120 billion asset manager, has launched VBILL, its first tokenized U.S. Treasury fund, in collaboration with tokenization platform Securitize. The fund is available on four major blockchains: Avalanche, BNB Chain, Ethereum, and Solana, offering investors access to short-term U.S. Treasury investments. VBILL provides 24/7 liquidity and real-time settlement, with a minimum investment of $100,000 on most blockchains and $1 million on Ethereum. The fund leverages Securitize's tokenization services, Wormhole's cross-chain interoperability, and RedStone's oracle service for asset valuation. It also supports USDC onramps for around-the-clock issuance and atomic liquidity with Agora's AUSD stablecoin, enabling instant redemptions. The launch of VBILL signifies VanEck's entry into the tokenization race, following other traditional finance firms like BlackRock and Franklin Templeton. This move reflects a growing trend of integrating real-world assets into blockchain ecosystems, aiming to enhance market liquidity and efficiency. State Street serves as the custodian for VBILL's assets.