VanEck Tokenized Treasury Fund Integrates Euler, DeFi Platform Accelerates Embrace of Wall Street Institutional Capital

Odaily Odaily reports that VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized U.S. Treasuries as collateral for on-chain lending and liquidity operations while meeting compliance restrictions.

This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the total value of tokenized U.S. Treasuries has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain Treasury or money market products.

Euler has previously integrated Securitize's DS Protocol to support the access of tokenized securities with investor qualification restrictions and transfer rules into the lending market. DeFi protocols like Aave are also positioning themselves for institutional-grade RWA business.

Institutions predict that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)