✓ Global Access – VBILL’s offshore structure supports non-U.S. token holders
✓ Multichain Deployment – Works across Ethereum, Solana, Avalanche, BNB
✓ Modular Yield – Pairs with AUSD to offer stablecoin-based payouts
✓ Brand Strength – VanEck is a leading ETF manager with real RWA credibility
What is VBILL?
VBILL is a tokenized U.S. Treasury fund created by VanEck, a global ETF and asset management firm. Designed to offer regulated, multichain access to short-term government securities, VBILL is issued by VanEck’s Cayman-based digital asset arm and backed 1:1 by T-bills, cash, and repo agreements.
Key Features of VBILL
| Attribute |
Description |
| Issuer |
VanEck Digital Assets (Cayman) |
| Fund Type |
Tokenized Treasury Fund |
| Primary Assets |
U.S. Treasury bills, repos, cash |
| Target Yield |
Market-based — estimated ~4.8–5.2% APY |
| Blockchain |
Ethereum, Solana, Avalanche, BNB Chain |
| Token Bridge |
Wormhole interoperability |
| Stablecoin Utility |
Redeemable into AUSD (Yield-bearing stablecoin) |
| Liquidity |
Daily (via custodial channels) |
| Custodian |
Bank of New York Mellon |
| Transfer Restrictions |
Whitelisted wallets (for now) |
| Regulatory Framework |
Offshore exempt offering (non-U.S. retail not restricted) |
How VBILL Works
- Qualified investors subscribe to VBILL through a partner platform (or Solium in the near future).
- Their funds are invested into short-duration T-bills and repo instruments.
- A corresponding VBILL token is issued 1:1, representing a claim on the underlying assets.
- Holders receive on-chain yield via VBILL’s integration with AUSD, VanEck’s programmable stablecoin.
- Tokens are natively multichain and transferable across ecosystems via Wormhole bridges.
Yield and Stability
- VBILL aims to offer safe, passive income from U.S. government debt — tokenized.
- Like BUIDL and BENJI, VBILL maintains a $1 NAV target.
- Yield is returned to holders via stablecoins (AUSD) or reinvested.
Why Multichain Matters
VBILL is the first tokenized treasury fund to launch:
- Natively on four major chains at once
- With live interoperability via Wormhole
- Offering DeFi-friendly yield potential across multiple ecosystems
Ideal Use Cases
- DAO treasury yield farming (multichain exposure)
- Institutional-grade short-term savings vaults
- Tokenized treasuries for neobanks and stablecoin issuers
- Cross-chain RWA liquidity layer for protocols
Who Can Access It (for now)
- Institutional and accredited investors
- Offshore qualified users
- Expected: Retail wrappers via platforms like Solium (coming 2025)
