Source: Cointelegraph
Original: “VanEck to Launch First RWA Tokenization Fund VBILL”

Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that provides exposure to U.S. Treasury securities, developed in collaboration with the tokenization platform Securitize. This initiative positions VanEck among a growing number of traditional financial companies entering the RWA tokenization space.

In a statement on May 13, VanEck announced that the fund is named VBILL and will initially be available on the Avalanche, BNB Chain, Ethereum, and Solana blockchains. The minimum subscription amount for investments on Avalanche, BNB Chain, and Solana is $100,000, while the minimum subscription amount on Ethereum is $1 million.

VanEck joins an increasing number of traditional financial firms launching RWA tokenization funds, with competitors including BlackRock and Franklin Templeton. In January of this year, investment firm Apollo, which manages $751 billion in assets, also launched a private credit tokenization fund.

According to RWA.xyz, the market value of U.S. Treasury securities is $6.9 trillion, making it one of the largest asset classes in tokenized funds, second only to private credit.

VanEck's partner Securitize has tokenized over $3.9 billion in assets. In May 2024, Securitize raised $47 million in a strategic financing round led by BlackRock.

Proponents argue that the tokenization of real-world assets offers many advantages beyond the traditional financial system, including faster settlement times and providing liquidity for previously illiquid assets.

At a roundtable meeting of the U.S. Securities and Exchange Commission (SEC) on May 12, Chairman Paul Atkins compared the tokenization of securities to the transition of music from analog to digital.

Atkins stated, “Just as the transition to digital audio revolutionized the music industry, the migration of securities to the blockchain has the potential to reshape every aspect of the securities market by enabling entirely new ways to issue, trade, own, and use securities.”

He added, “Blockchain technology is expected to allow for a wide range of new use cases for securities, facilitating new market activities that many of the Commission's existing rules and regulations do not currently consider.”

Related: SEC Chairman: Blockchain “is expected” to bring new market activities

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