VanEck tokenized Treasury fund integrates into Euler, DeFi platform accelerates embrace of Wall Street institutional capital

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, and investors can now use tokenized Treasuries as collateral for on-chain lending and liquidity operations while meeting compliance restrictions.

This move reflects the accelerating shift of DeFi protocols toward institutionalization and compliance, aiming to attract traditional financial capital into on-chain markets. Data shows that the scale 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 tokenized securities with investor qualification restrictions and transfer rules for access to the lending market. DeFi protocols like Aave are also gearing up for institutional-grade RWA business.

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