VanEck Treasury Fund (VBILL) is a tokenized fund associated with the Real World Assets (RWA) category and accessible across multiple blockchain networks, including Ethereum, Solana, BNB Chain, and Avalanche. The fund is designed to maintain a stable value of one U.S. dollar per token, functioning as an on-chain representation of a traditional money market vehicle. Its primary use case is providing blockchain-based investors with access to yield generated by short-duration U.S. government debt instruments. The fund's assets are allocated to cash, U.S. Treasury obligations backed by the full faith and credit of the U.S. government, and repurchase agreements collateralized by these securities. Portfolio holdings are restricted to securities with maturities of 397 days or less, with a dollar-weighted average portfolio maturity capped at 60 days and an average portfolio life capped at 120 days, emphasizing capital preservation and liquidity. Accrued dividends are distributed daily to investors' wallets as newly minted tokens, creating a continuous yield mechanism directly on-chain. The fund may also invest in underlying pooled vehicles and hold stablecoins or similar yield-bearing digital assets to facilitate subscriptions and redemptions, including those executed through atomic swaps.
The move lets institutions post tokenized U.S. Treasuries as onchain collateral — and signals DeFi lending books are quietly being rebuilt for permissioned, compliance-bound capital.
This Fund seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors' wallets as new tokens each day.
VanEck Treasury Fund (VBILL) is categorised as: BNB Chain Ecosystem, Solana Ecosystem, Avalanche Ecosystem.
The official VanEck Treasury Fund site is https://securitize.io/primary-market/vaneck-vbill.
Most recent VanEck Treasury Fund coverage: "VanEck's VBILL tokenized fund goes live on Euler for DeFi lending" — read at /en-US/a/vanecks-tokenized-treasury-fund-goes-live-on-euler-as-defi.
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