Investment firm VanEck plans to launch a tokenized real world asset (RWA) fund that provides access to US Treasury bills, developed in partnership with tokenization platform Securitize.
This initiative places VanEck among the growing number of traditional financial firms entering the RWA tokenization sector.
The fund, called VBILL, will initially be available on the Avalanche, BNB Chain, Ethereum and Solana blockchains, according to VanEck's May 13 release.
Minimum subscriptions for the fund start at $100,000 on Avalanche, BNB Chain and Solana, while on Ethereum, the minimum is $1 million.
VanEck joins a growing group of traditional financial firms offering tokenized RWA funds, with competitors including BlackRock and Franklin Templeton.