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

Odaily Planet Daily News: 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 the tokenized U.S. Treasury bonds as collateral for on-chain lending and liquidity operations, while also meeting compliance restrictions.

This move reflects that DeFi protocols are accelerating their transition toward institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the scale of tokenized U.S. Treasury bonds has exceeded $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 eligibility restrictions and transfer rules to the lending market. DeFi protocols like Aave are also laying out institutional-grade RWA businesses.

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