VanEck VBILL is now live on DeFi lending platform Euler, letting investors use tokenized Treasuries as onchain collateral.
Summary
- VanEck’s tokenized Treasury fund VBILL is now usable as collateral on Euler’s lending markets.
- The fund is issued by Securitize, with pricing supplied through RedStone oracles.
- Securitize says DeFi protocols are redesigning their platforms to host regulated, institutional assets.
VanEck VBILL, the asset manager’s tokenized US Treasury fund, has gone live on decentralised lending platform Euler. Investors can now post the fund as onchain collateral.
The move signals how DeFi protocols are retooling for Wall Street. Securitize, the tokenization firm behind the fund, said the product is now active on Euler lending markets, with pricing data supplied through RedStone oracles.
What the Euler integration enables
Euler integrated Securitize’s DS Protocol earlier this year, allowing tokenized securities to interact with lending markets while preserving investor eligibility and transfer restrictions. That framework lets VBILL function as collateral without breaking the fund’s compliance controls.
“As more serious institutional investors are exploring the space, they need to have certain” protections in place, said Graham Ferguson, Securitize’s head of ecosystem, framing the challenge as balancing crypto’s open infrastructure with traditional compliance demands.
The integration extends VBILL’s reach in DeFi. The fund already expanded onto Aave’s institutional Horizon market in November, where institutions can borrow stablecoins against their holdings.
Why tokenized Treasuries keep growing
VBILL sits in the fastest-scaling corner of the tokenization market. Tokenized US Treasuries lead the real-world asset sector on yield stability and regulatory clarity, factors that make them attractive for institutional adoption.
The broader race is accelerating. BlackRock recently filed a second Securitize-powered tokenized fund with the SEC, treating tokenized funds as a repeatable product line.
Standard Chartered, BCG and Ripple have suggested the tokenized asset market could scale into the trillions over the next decade, pressuring DeFi to balance openness with compliance.
Source: https://crypto.news/vaneck-vbill-lands-on-euler-lending/
