Investment firm VanEck is set to launch its first tokenized real-world asset (RWA) fund in partnership with tokenization platform Securitize, offering exposure to US Treasury bills. The fund, named VBILL, will be accessible on Avalanche, BNB Chain, Ethereum, and Solana blockchains. VanEck announced the minimum subscription amounts for the fund, starting at $100,000 for Avalanche, BNB Chain, and Solana, and $1 million for Ethereum. VanEck joins other traditional finance firms like BlackRock and Franklin Templeton in the RWA tokenization space. With US Treasurys having a market capitalization of $6.9 billion, it is a significant asset class in tokenized funds. Securitize, VanEck’s partner, has already tokenized over $3.9 billion in assets and recently secured $47 million in funding led by BlackRock. Tokenization of real-world assets offers benefits such as faster settlements and increased liquidity, according to advocates. At the recent SEC roundtable, Chair Paul Atkins highlighted the potential of blockchain technology in reshaping the securities market. He compared the move to onchain securities to the transition from analog to digital music, suggesting new market activities and use cases. This move towards RWA tokenization signifies a shift in traditional finance towards digital assets and blockchain technology.