VanEck Launches First Tokenized Fund Backed by US Treasuries
VanEck launched the VanEck® Treasury Fund, Ltd. (VBILL) on Tuesday, the 13th. It is the world's first real-world asset (RWA) tokenization fund from the global manager. This was made possible through a partnership with Securitize, an RWA platform with a total assets under management (AuM) of $3.9 billion (as of May 12). This volume is expected to increase soon, as VBILL is designed to provide investors with secure, real-time access to assets backed by the U.S. Treasury.
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