Investment firm Vaneck is launching a tokenized real-world asset (RWA) fund that offers exposure to US bills, developed in collaboration with the tokenization Securitize tokenization platform. The initiative places Vaneck on a growing number of traditional financial companies entering the RWA tokenization space.
Fund, called Vbill, is first available to Avalanche, BNB chain, Ethereum and Solana Blockchain, Vaneck Says In a statement of May 13. The minimum fund subscriptions start at $ 100,000 for investments running in avalanche, BNB chain, and Solana, while the minimum subscription to Ethereum is $ 1 million.
Vaneck joined a burgeoning field of traditional financial companies that launched RWA tokenized funds, including competitors including Blackrock and Franklin Templeton. In January, Apollo, a investment company with $ 751 billion in assets under management, also Launched a private tokenized credit fund.
With a market capitalization of $ 6.9 billion, US treasurys are among the largest classes of tokenized funds, second only to private credit, According to to data from RWA.xyz.
Vaneck’s partner Securitize, has led more than $ 3.9 billion in property. In May 2024, it Raised $ 47 million in a strategic funding of funding Led by Blackrock.
The tokenization of real-world assets has many benefits that exceed traditional financial systems, including faster settlement times and liquidity in previously unobtrusive properties, says advocates.
Related: ‘Everything is lining’ – the tokenization is having a breakout moment
SEC Chair Atkins in RWA tokenization
At the Securities and Exchange Commission’s (SEC’s) Roundtable on May 12, Chair Paul Atkins compared Moving onchain security to move songs from analog to digital.
“Just as the transition to digital audio has changed the music industry, the transition to onchain securities has the potential to refill aspects of the security market by enabling full new methods of discharge, trading, ownership, and using security,” Atkins said.
“Blockchain technology has a promise to allow a broad swath of novel use cases for security, which promotes new types of market activities that are not considered by the rules and regulations of the commission today,” he added.
Magazine: Ethereum destroys competition in the race of tokenization tradfi tokenization
