Valve debuted VbillA tokenized fund for short-term American treasury bills on Avalanche, BNB Chain, Ethereum, and Solana. The fund signals institutionalization in token finance. Managed by Van Eck, Vbill requires a $100k minimum investment for qualified investors. It holds U.S. treasury bills via State Street Bank & Trust, daily blockchain data by Redstone oracles, and uses the Green Hole protocol for token transfers. Vbill allows atomic redemption in Agora’s Ausd stablecoin, enhancing liquidity in the stablecoin market. Enter a rapidly expanding market with Vaneck following Blackrock’s lead by pursuing tokenization. Vbill’s compliance limits participation to accredited investors, reinforcing its institution-focused approach. Despite traditional security assurances, Vbill still faces challenges regarding smart contract risks and cross-blockchain liquidity issues under stress. The collaboration between Vbill and industry leaders like Van Eck is transforming the financial landscape by merging tokenization with traditional expertise, creating new market opportunities. As asset managers like BlackRock, Franklin Templeton, and Vaneck delve into the real-world asset space, the tokenized monetary market products become crucial battlegrounds for securing crypto-native capital. Vbill’s deployment across multiple chains, integration of stablecoins, and
https://altcoin.observer/vaneck-to-compete-with-blackrock-in-the-race-for-american-treasury-launched-on-ethereum-bnb-solana-avalanche/
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