VanEck Treasury Fund

VBILL is a token representing shares of the VanEck Treasury Fund, which the asset manager VanEck began offering in tokenized form in 2025. The fund is structured as a money market fund investing in short-term US Treasury bills and similar liquid instruments; the token is the on-chain representation of a share in this fund and is not a cryptocurrency or a stablecoin.

Tokenization, transfer agency and issuance are handled with Securitize infrastructure; VBILL is available on the Ethereum, Avalanche, BNB Chain and Solana networks. The product is aimed at qualified investors who meet the eligibility requirements, and access depends on identity verification processes. The value of a fund share is determined by the return of the underlying portfolio and by expenses.

For tokenized fund shares, the token price can be affected by the fund's net asset value and by secondary market conditions. The value shown for VanEck Treasury Fund on Lzzo.com is DefiLlama's US dollar reference; it does not replace the fund documents and official disclosures.