The Vaneck investment firm is launching a real -world asset fund (RWA) that offers exposure to the United States Treasury invoices, developed in association with the Securitize tokenization platform. The initiative places Vaneck between a growing number of traditional financial companies that enter the RWA tokenization space.
The background, called VBill, will initially will be Avalanche, BNB Chain, Ethereum and Solana Blockchains, Vaneck said in a May 13 statement. The minimum fund subscriptions start at $ 100,000 for investments that are executed in Avalanche, BNB Chain and Solana, while the minimum subscription in Ethereum is $ 1 million.
Vaneck joins a Burgeonon field of traditional financial firms that have launched tokenized funds from RWA, with competitors that include Blackrock and Franklin Templeton. In January, Apollo, an investment company with $ 751 billion in assets under administration, also launched a fund token by private credit.
With a market capitalization of $ 6.9 billion, US treasures are among the largest asset classes of tokenized funds, only exceeded by private credit, according to the data of Rwa.xyz.
Vaneck’s partner, Securitize, has played at $ 3.9 billion in assets. In May 2024, he raised $ 47 million in a round of strategic financing directed by Blackrock.
The token of real world assets has many benefits that exceed traditional financial systems, including faster settlement times and liquuidity to previously ilequid assets, the defenders say.
Related: ‘Everything is aligning’: Tokenization is having its breakdown
SEC President Atkins at RWA Tokenization
At the round table of the stock market and exchange commissions (SEC) on May 12, President Paul Atkins compared the move of values in the chain with the transition from analog to digital songs.
“Just as the change to digital audio revolutionized the music industry, migration to chain values has the potential to remodel aspects of the stock market by allowing completely new methods of emission, trade, property and use of values.
“Blockchain Technology has the promise of allowing a wide strip of new use cases for values, however, fostering the new children of market activities that many of the inherited rules and regulations of the commission do not contemplate today,” he added.
Magazine: Ethereum is destroying competition in the traditional tokenization career of $ 16.1T
