VanEck launches spot BNB ETF and tokenized Treasuries in DeFi
4.3 Investments VanEck launched the first U.S. spot BNB ETF and enabled its tokenized Treasury fund, VBILL, as collateral on Euler, marking DeFi’s move toward regulated, institutional assets.
VanEck has introduced the first U.S.-based spot Binance Coin (BNB) ETF, allowing both institutional and retail investors to access BNB through traditional brokerage accounts. This eliminates the need for cryptocurrency exchanges or self-custody solutions, making BNB investment more accessible. At the same time, VanEck’s tokenized U.S. Treasury fund, VBILL—issued by Securitize—is now available on the Euler decentralized lending platform. This integration enables investors to use tokenized U.S. Treasuries as onchain collateral, borrow other crypto assets, and participate in DeFi strategies while earning yields from Treasuries. These developments highlight the growing convergence between traditional finance and DeFi. With tokenized Treasuries surpassing $15 billion in assets and forecasts predicting the tokenized asset market could reach trillions, DeFi protocols are evolving to support regulated, institutional-grade assets. Compliance and pricing are managed through Securitize’s DS Protocol and RedStone oracles, ensuring regulatory standards are met.
