VanEck's VBILL Treasury Fund Now Accepted as Collateral on…

VanEck's tokenized VBILL US Treasury fund has been integrated as eligible collateral on Euler, the decentralized lending protocol — marking another step in the convergence of traditional finance instruments and on-chain credit markets.

VBILL represents tokenized short-duration US Treasury exposure, and its acceptance on Euler means holders can now put that yield-bearing asset to work as DeFi collateral without liquidating their position. That's the core value proposition of tokenized real-world assets: capital efficiency across two previously siloed financial systems.

For Euler, adding a VanEck-branded Treasury product raises the quality bar for accepted collateral and signals growing institutional confidence in the protocol. For the broader RWA sector, each integration like this normalizes the idea that tokenized Treasuries are not just a yield product — they're a financial primitive.