VanEck Drops Tokenized Treasury Funds on Ethereum, Polygon—Because Wall Street Finally Woke Up

Asset manager VanEck just bulldozed into the future—launching the first tokenized treasury funds on Ethereum and Polygon. No more paper trails, no more middlemen skimming fees—just blockchain efficiency (and yes, the usual Wall Street late-adopter tax).

Why this matters: Tokenized T-bills could pull billions from legacy finance into DeFi. Or at least give institutional investors something to ’innovate’ about at their next blockchain conference.

The punchline? These funds still require KYC—because even crypto’s most bullish trad-fi converts can’t quit compliance theater entirely.

SOL, BNB, AVAX and ETH

The asset management company VanEck launched its own tokenized U.S. Treasury Fund across four networks. This step, taken in partnership with the tokenization company Securitize, followed the successful launches of trillion-dollar giants like BlackRock and Franklin.

VanEck, which pioneered its first tokenized asset fund with the VanEck Treasury Fund (VBILL), brings short-term U.S. debt products on-chain. The announcement today revealed that the issuance was completed on the Avalanche, BNB Chain, Ethereum$2,563, and Solana$175 networks.

Kyle DaCruz, VanEck’s Director of Digital Asset Products, stated,

“By moving U.S. Treasury bonds onto the blockchain, we offer investors a robust, transparent, and liquid tool for cash management while further integrating digital assets into mainstream financial markets.

Tokenized funds like VBILL highlight our commitment to adding value to our investors by enhancing market liquidity and efficiency.”

The Future of Cryptocurrencies

BlackRock, Franklin Templeton, and other major financial firms have taken significant steps in this area. They have issued bonds worth billions of dollars, rapidly increasing the size of their holdings. Investors, crypto companies, and stablecoin issuers can easily purchase these bonds on-chain, providing easy access to bonds.

With the development of access channels, investors worldwide will easily enter the bond market in the future, which benefits the U.S. What are the implications for cryptocurrencies? The tokenization sector, expected to become a trillion-dollar market, significantly increases and will continue to increase the revenue, market size, and activity of networks like solana and Ethereum.

In the long run, we will see smart contract platforms drawing much more serious liquidity with tokenized bonds. As more companies and banks enter this space, it is anticipated that crypto networks with market values in the tens of billions will experience similar growth in an environment hosting assets worth trillions of dollars.