TechFlow news, May 13 — According to CoinDesk, asset management firm VanEck announced the launch of its first tokenized fund, the VanEck Treasury Fund (VBILL), which offers on-chain access to short-term U.S. Treasury securities. According to a press release issued Tuesday, VBILL is now live on four major blockchain networks: Avalanche, BNB Chain, Ethereum, and Solana.
The fund was developed by VanEck in partnership with tokenization specialist Securitize, with a minimum investment of $100,000 on most blockchains and $1 million on Ethereum. Assets are custodied by State Street and priced daily via Redstone's oracle service.
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