VanEck Treasury Fund

VanEck Treasury Fund (VBILL) is a tokenized money-market fund that aims to hold a stable $1 value per token while paying daily accrued dividends straight to holders' wallets as new tokens. Its portfolio invests only in cash, U.S. Treasury bills and obligations, and repurchase agreements collateralized by those Treasuries, with maturities of 397 days or less and a dollar-weighted average maturity kept to 60 days or less, mirroring conventional government money-fund rules on-chain.

What VBILL's Treasury yield delivers, and what you take on

This is a real-world-asset instrument backed by an established asset manager, not a crypto-native yield product, so the return is essentially the U.S. Treasury bill rate delivered in token form, and it lives across several chains including Ethereum, Solana, Avalanche and BNB. The trade-offs are those of any tokenized fund: yield tracks short-term rates and falls when they do, access is typically gated to eligible or accredited investors, and holders take on smart-contract, issuer and regulatory risk on top of the underlying Treasuries. VBILL suits treasuries and on-chain participants wanting low-risk dollar yield with blockchain settlement, valued for cash management rather than upside.

1. 1. Choose an exchange. Pick a reputable exchange that lists VBILL — among the venues we rate highest are Binance, OKX and Kraken.
2. 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
3. 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
4. 4. Buy VBILL. Search for VBILL, choose a market or limit order, enter your amount, and confirm.
5. 5. Secure your coins. For long-term holdings, withdraw VBILL to a self-custody wallet you control rather than leaving it on the exchange.

Compare venues in our independent exchange ratings. This is not financial advice.