VanEck Treasury Fund
VBILLVBILL is VanEck's first tokenized fund, the VanEck Treasury Fund, structured in the British Virgin Islands with Securitize and launched across Ethereum, Solana, Avalanche and BNB Chain. It is backed by short-term US Treasury bills with 24/7 transfer and real-time settlement, open to qualified investors above a six-figure minimum. VBILL scores 78/100 (Tier 2) on the RWTS Trust Score: a strong asset manager and clean T-bill backing, held below the SEC-registered funds by its offshore private-placement structure and high investment minimums. It is a credible institutional cash instrument in an increasingly crowded field.
- Issuer / protocol
- VanEck / Securitize
- Jurisdiction
- British Virgin IslandsUS qualified investors (Reg D / Reg S)
- Backing
- Short-term US Treasury bills
- Redemption / lock-up
- Permissioned (institutional; $100k min, $1M on Ethereum)
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Multi-chain
- Tier
- Tier 2 — Treasury & Fiat-Backed
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 3.95% sits at 50% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 3.95%. Actual returns may vary. Not financial advice.
Beyond VBILL's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $61.00M indicates developing on-chain liquidity. Lock-up: Permissioned (institutional; $100k min, $1M on Ethereum).