In a historic move for traditional finance and blockchain convergence, VanEck tokenized fund has officially been launched, dubbed the VanEck Ethereum Strategy Fund (V-BILL). The fund is issued on the Securitize protocol, marking a major step toward real-world asset (RWA) tokenization. Hosted on the Avalanche blockchain, this on-chain fund is being hailed as a turning point in how regulated financial products interact with decentralized infrastructure.
As tokenization of real-world assets gains traction, VanEck’s move isn’t just symbolic — it’s operational. And it may set the tone for how traditional asset managers participate in the blockchain economy going forward.
What Is VanEck Tokenized Fund?
The new fund, V-BILL, is an on-chain version of the VanEck Ethereum Strategy ETF (EFUT) and offers exposure to short-term U.S. Treasury bills. It will be fully tokenized via Securitize, a regulated digital asset platform, making it one of the first compliant tokenized U.S. Treasury-backed funds available to qualified investors.
Source: Securitize
Key characteristics:
- Structure: 1940 Act fund
- Custodian: Bank of New York Mellon
- Blockchain: Avalanche (via Avalanche C-Chain)
- Tokenization Platform: Securitize
- Asset Exposure: Short-duration U.S. Treasury Bills
- Fund Symbol: V-BILL
With its foundation in traditional regulation and its form in blockchain-native tokens, V-BILL represents a real-world asset made crypto-compatible.
Why This Is a Big Deal for RWA Tokenization
VanEck’s launch comes at a time when tokenization of real-world assets (RWAs) — like treasuries, bonds, and equities — is gaining momentum. BlackRock, Franklin Templeton, and other legacy asset managers have already tested blockchain-native funds, but VanEck’s move is unique in how it bridges traditional SEC-compliant structure with public blockchain transparency.
By issuing V-BILL on Avalanche through Securitize, VanEck is showing that:
- Institutional-grade assets can live on-chain
- Compliance frameworks and blockchain aren’t mutually exclusive
- Access to fixed-income instruments can be democratized via DeFi rails
According to Jean-Marie Mognetti, CEO at CoinShares, this kind of product could pave the way for mainstream capital to flow into Web3 — especially in markets seeking both yield and on-chain accessibility.
Broader Impact: Will Other Asset Managers Follow?
VanEck’s move could trigger a ripple effect in the asset management space. As tokenized treasuries and cash equivalents become more accessible via blockchain, we could see:
- More funds targeting DeFi integrations
- The emergence of tokenized ETFs with real-time settlement
- Banks and brokers exploring interoperability with wallets and smart contracts
For Avalanche, the news is also significant — showcasing its ecosystem as a viable home for institutional-grade RWAs, beyond just NFTs or gaming.
Final Thoughts: TradFi and Web3 Are Merging
The launch of VanEck’s tokenized V-BILL fund is more than just a product announcement — it’s a statement. It signals that on-chain finance is no longer theoretical, and that the tokenization of real-world assets is moving from vision to execution.
As more institutions step into this space, the lines between TradFi and DeFi will blur — and VanEck may well be remembered as one of the first to make the leap.
