{"id":"vaneck-treasury-fund-vbill","title":"VanEck Treasury Fund (VBILL)","content":"**VanEck Treasury Fund (VBILL)** is a tokenized investment fund that provides on-chain exposure to short-term U.S. Treasury securities through [blockchain](https://iq.wiki/wiki/blockchain)-issued fund shares. The fund represents ownership in a portfolio of Treasury bills, cash, and repurchase agreements, using [blockchain](https://iq.wiki/wiki/blockchain) infrastructure for issuance, ownership tracking, and settlement. [\\[5\\]](#cite-id-YR5gGuzpIL4XM1tm) \n\n## Overview\n\nVBILL is a tokenized investment fund launched by VanEck in partnership with [Securitize](https://iq.wiki/wiki/securitize) that provides [blockchain](https://iq.wiki/wiki/blockchain)-based access to a portfolio of short-term U.S. Treasury bills, cash, and repurchase agreements. Introduced in May 2025, the fund was designed for qualified and institutional investors seeking exposure to short-duration U.S. government securities through [blockchain](https://iq.wiki/wiki/blockchain) infrastructure rather than traditional fund shares. Fund shares are issued and recorded directly on multiple public [blockchains](https://iq.wiki/wiki/blockchain), including [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), [Avalanche](https://iq.wiki/wiki/avalanche), and [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), with cross-chain transfers supported through [Wormhole](https://iq.wiki/wiki/wormhole).\n\nVBILL maintains a target value of $1 per token and distributes accrued income by issuing additional tokens to investors daily. The fund supports subscriptions using both U.S. dollars and [USDC](https://iq.wiki/wiki/usdc), offers daily redemptions subject to fund procedures, and records ownership on-chain to enable faster settlement and greater transparency than conventional fund structures. The underlying assets are held by a traditional custodian, while [blockchain](https://iq.wiki/wiki/blockchain) technology is used for share issuance, transfer, and recordkeeping.\n\nThe fund has also been integrated into [decentralized finance](https://iq.wiki/wiki/defi) infrastructure, allowing qualified holders to use VBILL as [collateral](https://iq.wiki/wiki/collateral) in regulated lending markets such as [Aave](https://iq.wiki/wiki/aave) [Horizon](https://iq.wiki/wiki/horizon). This enables tokenized Treasury fund shares to be used within [blockchain](https://iq.wiki/wiki/blockchain)-based financial applications while remaining subject to the fund's transfer restrictions and compliance requirements. Through these features, VBILL serves as an example of a tokenized [real-world asset](https://iq.wiki/wiki/real-world-assets-rwas) fund that combines traditional Treasury investments with [blockchain](https://iq.wiki/wiki/blockchain)-based settlement, custody, and financial interoperability. [\\[3\\]](#cite-id-dQ03FSOcY4EZixz4)  [\\[4\\]](#cite-id-NVlfC3IbyTHRai10) \n\n## Features\n\nVBILL provides [blockchain](https://iq.wiki/wiki/blockchain)-based access to short-term U.S. Treasury investments through tokenized fund shares issued directly on public [blockchain](https://iq.wiki/wiki/blockchain) networks. The fund maintains a target value of $1 per token and distributes accrued income to investors through daily dividend accruals paid as additional tokens. It primarily invests in U.S. Treasury bills, cash, and repurchase agreements, allowing investors to earn yield while holding the asset on-chain. VBILL supports subscriptions through [USDC](https://iq.wiki/wiki/usdc) and U.S. dollars, offers daily liquidity options subject to fund procedures and [blockchain](https://iq.wiki/wiki/blockchain) settlement conditions, and enables ownership tracking through [blockchain](https://iq.wiki/wiki/blockchain)-based records. The fund is available across networks including [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), [Avalanche](https://iq.wiki/wiki/avalanche), and [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), with cross-chain functionality supported through [Wormhole](https://iq.wiki/wiki/wormhole). VBILL can also be integrated into [decentralized finance](https://iq.wiki/wiki/defi) applications, including lending platforms where eligible investors can use the tokenized Treasury fund shares as collateral while maintaining compliance with transfer restrictions. [\\[1\\]](#cite-id-yypR2ZvDseYqyD50)  [\\[2\\]](#cite-id-LjqaVpot5DUjQyJS) ","summary":"VanEck Treasury Fund (VBILL) is a tokenized investment vehicle providing on-chain exposure to short-term U.S. Treasuries through blockchain-issued shares on Ethereum, Solana, Avalanche, and BNB Chain.","images":[{"id":"Qmc5iM2mkAmVJ7WKdn2eNoxz9UpQkBPCPEL9WgzBSnbntQ","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"Cryptoassets"}],"tags":[{"id":"Ethereum"},{"id":"Avalanche"},{"id":"Solana"},{"id":"RWA"}],"media":[],"metadata":[{"id":"references","value":"[{\"id\":\"yypR2ZvDseYqyD50\",\"url\":\"https://www.prnewswire.com/news-releases/vaneck-launches-first-tokenized-fund-vbill-on-securitize-302453863.html\",\"description\":\"PR Newswire\",\"timestamp\":1785157607870},{\"id\":\"LjqaVpot5DUjQyJS\",\"url\":\"https://www.coingecko.com/en/coins/vaneck-treasury-fund\",\"description\":\"CoinGecko\",\"timestamp\":1785157607870},{\"id\":\"dQ03FSOcY4EZixz4\",\"url\":\"https://www.securitize.io/primary-market/vaneck-vbill\",\"description\":\"Securitize\",\"timestamp\":1785157607870},{\"id\":\"NVlfC3IbyTHRai10\",\"url\":\"https://www.aave.com/blog/horizon-vaneck-vbill\",\"description\":\"Aave\",\"timestamp\":1785157607870},{\"id\":\"YR5gGuzpIL4XM1tm\",\"description\":\"VanEck\",\"timestamp\":1785157662894,\"url\":\"https://www.vaneck.com/\"}]"},{"id":"website","value":"https://www.vaneck.com"},{"id":"contract_url","value":"https://etherscan.io/token/0x2255718832bc9fd3be1caf75084f4803da14ff01"},{"id":"coinmarketcap_url","value":"https://www.coingecko.com/en/coins/vaneck-treasury-fund"},{"id":"linkedin_profile","value":"https://linkedin.com/company/vaneck"},{"id":"twitter_profile","value":"https://twitter.com/vaneck_us"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmNWuc5j982r2in5HuGne4kaxipKThyMt6M3JwaBLRPkuo\""},{"id":"commit-message","value":"\"Updated wiki: added 31 hyperlinks; reordered tags to Ethereum, Avalanche, Solana, RWA; category to Cryptoassets; events 1→2\""},{"id":"previous_cid","value":"QmNWuc5j982r2in5HuGne4kaxipKThyMt6M3JwaBLRPkuo"}],"events":[{"date":"2025-05-01","title":"VanEck Treasury Fund Launch","type":"CREATED","description":"VanEck launched VBILL to provide blockchain-based access to U.S. Treasury securities.","link":"https://www.prnewswire.com/news-releases/vaneck-launches-first-tokenized-fund-vbill-on-securitize-302453863.html","multiDateStart":null,"multiDateEnd":null,"continent":"NORTH AMERICA","country":"United States","id":"57ddf5df-1ee3-4bb8-960e-6314751f72f4"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","solana","avalanche","securitize"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"c7955ba8-a913-4a67-a12b-f8a708fe5ad5\",\"title\":\"VanEck Treasury Fund (VBILL)\",\"description\":\"VanEck Treasury Fund (VBILL) is a tokenized investment vehicle providing on-chain exposure to short-term U.S. Treasuries through blockchain-issued shares on Ethereum, Solana, Avalanche, and BNB Chain.\",\"timestamp\":\"2026-07-27T16:28:51.087Z\",\"category\":\"Cryptoassets\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889\",\"address\":\"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Title\",\"subtitle\":\"Changed capitalization of the wiki title\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed title from \\\"cryptoassets\\\" to \\\"Cryptoassets\\\"\"]},{\"title\":\"Content\",\"subtitle\":\"Updated article text to add many internal wiki links and minor wording/formatting changes across sections\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Lead/intro: Added an internal link to \\\"blockchain\\\" in the opening sentence ([[5]](#cite-id-YR5gGuzpIL4XM1tm) [[3]](#cite-id-dQ03FSOcY4EZixz4) [[4]](#cite-id-NVlfC3IbyTHRai10) [[1]](#cite-id-yypR2ZvDseYqyD50) [[2]](#cite-id-LjqaVpot5DUjQyJS))\",\"Overview section: Added internal links to Securitize, blockchain, Ethereum, Solana, Avalanche, BNB Chain, and Wormhole; 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