Ethereum
Solana
Avalanche
BNB
VBILL tokenizes a fund invested in short-term US Treasuries, issued in partnership with Securitize across Ethereum, Solana, Avalanche and BNB Chain. Subscriptions and redemptions settle in USDC around the clock, with atomic redemption liquidity supported via smart contracts.
VanEck's multichain tokenized treasury fund with 24/7 USDC settlement.
Prism analyst note
VBILL is a late-2025 entrant betting on multichain distribution (notably BNB Chain, underserved by rivals) and 24/7 atomic USDC settlement. Structure and risk mirror the BUIDL playbook: the differentiators are distribution partnerships and RedStone-powered NAV oracles. Still sub-scale versus incumbents; watch whether exchange-collateral integrations materialize.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Short-term US Treasury bills, repo
- Legal structure
- BVI fund; tokenized shares via Securitize
- Jurisdiction
- British Virgin Islands / United States
- Custodian
- State Street (fund assets)
- Administrator
- Securitize (transfer agent)
- Oracle / NAV source
- RedStone NAV feeds
- Reserve information
- Daily NAV at $1.00 with distributed yield; institutional share class.
- Transfer restrictions
- KYC-whitelisted transfers via Securitize.
- Investor eligibility
- Qualified purchasers
- KYC required
- Yes
- Minimum investment
- $100,000.00
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 40+
Documents & disclosures
Frequently asked
What makes VBILL different from BUIDL?+
Similar structure; VBILL differentiates on chain coverage (incl. BNB Chain), RedStone oracles, and a $100K minimum on select classes.
