VanEck, which manages billions of Dollars, announced its new fund: It will operate on these four altcoin networks!

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Global investment giant VanEck announced the launch of its first tokenized fund, the VanEck Treasury Fund, in collaboration with the tokenization platform Securitize, with the identifier (VBILL).

The new fund combines the security of traditional finance with the efficiency of decentralized technology by providing qualified investors with blockchain-based access to U.S. Treasury-backed assets.

The fund was initially made accessible on the Avalanche, BNB Chain, Ethereum, and Solana networks. Interaction between different blockchains is facilitated by the Wormhole protocol.

Securitize CEO Carlos Domingo evaluated the project by stating, "This collaboration shows that tokenization creates new market opportunities with the advantages of speed, transparency, and programmability." VanEck Digital Assets Product Director Kyle DaCruz also stated, "We are offering investors a transparent, secure, and liquid cash management tool by moving U.S. Treasury bonds on-chain."

The fund's shares are issued and recorded directly on the blockchain. This provides faster settlement times and greater transparency compared to traditional fund structures. The fund will only be open to institutional and qualified investors. The minimum investment amount has been set at 100,000 dollars for Avalanche, BNB Chain, and Solana, and 1 million dollars for Ethereum.

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