Investment firm VanEck is set to launch a tokenized real-world asset (RWA) fund called VBILL, which will provide institutional investors with exposure to US Treasury bills. This initiative, a partnership with tokenization platform Securitize, reflects a trend among traditional finance firms entering the RWA tokenization market. The fund will be available on several blockchains: Avalanche, BNB Chain, Ethereum, and Solana, with minimum subscriptions of $100,000 on the first three and $1 million on Ethereum. VanEck will face competition from established players like BlackRock and Franklin Templeton. Securitize has tokenized over $3.9 billion in assets, and advocates for RWA tokenization highlight benefits such as faster settlement times and improved liquidity for previously illiquid assets. SEC Chair Paul Atkins has compared the transition to on-chain securities to the digital transformation in the music industry, pointing out the potential of blockchain technology to revolutionize securities markets.

Source 🔗