VanEck’s Treasury Token Joins Forces with Aave Horizon RWA Market – A Game Changer for Crypto Investors

Wall Street meets DeFi as VanEck’s Treasury Token integrates with Aave’s real-world asset market. Institutional-grade crypto just leveled up.

Breaking the chains of traditional finance, this partnership lets investors tap into yield-bearing treasuries without the usual Wall Street gatekeepers. The irony? Banks still think blockchain is just for ‘tech bros.’

Active liquidity meets real-world yields. Aave’s RWA market now packs institutional firepower with VanEck’s tokenized treasury product. No middlemen, no 9-to-5 trading windows—just global access to what was once reserved for the suits.

Watch traditional finance scramble to keep up. Again.

VBILL: Bridging traditional finance and DeFi

Launched in May 2025, VBILL reflects shares in the VanEck Treasury Fund, which holds short-term U.S. Treasury bills and related cash-like assets. Each token is meant to stay NEAR a $1 value and distributes yield each day. This creates an on-chain way to access returns tied to Treasury holdings. The fund runs on several blockchains, including Ethereum, Solana, BNB Chain, and Avalanche, with Wormhole used to move tokens between them.

According to Aave data, VBILL currently has a liquidity of $9.17 million and a 7-day yield of 3.93%, while borrowing RLUSD costs around 2.84%. This difference creates room for yield strategies. A user can deposit VBILL as collateral, borrow RLUSD, and then reinvest those funds to increase their overall return.

This setup makes it possible to repeat the process more than once. A user can deposit VBILL, borrow RLUSD, exchange it for USDC, buy more VBILL, and then deposit it again. Each round increases the amount of VBILL earning yield. After one cycle, the estimated return is about 4.84%. With additional cycles, the return could rise to around 5.5%, depending on market conditions.

Technology powering the integration

The VanEck Treasury Fund (VBILL) is officially listed on Aave Horizon as a qualified collateral asset, VanEck stated on Thursday. According to the blog from Securitize, it relies on the Chainlink NAVLink oracle to determine the current value of the VBILL. The Securitize DS Protocol enables instant on-chain buying of new VBILL tokens, meaning that users can complete the cycle without any delays.

VanEck has also added that, later on, price accuracy will be improved with the addition of Securitize’s Trusted Single Source Oracle. The Horizon market uses a permissioned setup; it allows only approved participants to access it, enabling institutional compliance while activity is still visible on-chain.

According to Kyle DaCruz, Director of Digital Assets Product at VanEck, “Institutional investors can now leverage the safety and transparency of tokenized Treasuries while accessing the efficiency and composability of DeFi.”

Opportunities and risks

This integration highlights how tokenized Treasuries could become a key provider of on-chain liquidity. The approach works only for as long as the return from VBILL stays higher than the cost of borrowing RLUSD. If the yields on the Treasury fall or borrowing rates go up, the differential between the two could shrink and thus lower potential returns.

Leveraged strategies also amplify risks, including liquidation during volatile market conditions or price fluctuations below $1 per VBILL. Hence, while the setup enhances returns, it also requires careful risk management and collateral monitoring.

Why this matters

VanEck and Securitize are bringing regulated real-world assets into a DeFi environment. By placing U.S. Treasury-backed tokens on-chain and allowing them to be used as collateral, they are creating a bridge between traditional markets and blockchain-based liquidity systems.

This setup offers a clearer framework for how institutional capital may interact with decentralized markets going forward, with more transparency and defined collateral mechanics.

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