Profile
VBILL profile facts
VanEck Treasury Fund (VBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
- Collateral
- Short-duration U.S. Treasury bills and repurchase agreements collateralized by U.S. Treasury obligations, held by a BVI Professional Fund advised by Van Eck Absolute Return Advisers; State Street Bank and Trust Company is custodian, Securitize Fund Services is fund administrator, and Securitize provides tokenization, transfer agency, and KYC
- Peg mechanism
- Institutional T-bill fund token that seeks a stable $1.00 NAV per share; yield accrues daily and is distributed as new tokens issued to holders. Securitize's product terms disclose daily fund redemptions and potential third-party smart-contract liquidity, subject to market or blockchain delays. Tokens cannot be transferred or redeemed until 72 hours after issuance. USDC smart-contract purchases are currently available only for the Ethereum share class; the product page lists USDC and USD funding, and the issuer has separately announced AUSD and RLUSD liquidity rails. RedStone is the issuer's designated oracle for daily NAV calculation; Pharos reads the on-chain Chainlink NAVLink 'VBILL NAV' feed (adopted by Securitize for the Aave Horizon collateral market) for live NAV
- Jurisdiction
- British Virgin Islands / BVI FSC / BVI Professional Fund
- Proof of reserves
- Self-Reported PoR by Securitize / VanEck (daily AUM, yield, and NAV reporting; public page discloses permitted cash/U.S. Treasury bill/Treasury-repo strategy but not current security-level or category-weighted holdings) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
VBILL quick answers
5
What is VanEck Treasury Fund (VBILL)?
VBILL is VanEck's tokenized T-bill share advised by Van Eck Absolute Return Advisers and administered via Securitize/State Street. The static profile records its US Dollar-denominated NAV accounting mechanism as: Institutional T-bill fund token that seeks a stable $1.00 NAV per share; yield accrues daily and is distributed as new tokens issued to holders.
Is VBILL safe?
As of Nov 8, 2026, Pharos grades VBILL C- (54/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs VBILL?
Pharos records VBILL's reserves in its review of Jul 14, 2026 as 100% VanEck Treasury Fund shares. Reserve evidence: Self-Reported PoR. Pharos classifies the backing as Real-World Asset Backed.
Can VBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem VBILL?
Under the route Pharos reviewed on May 12, 2026, VBILL redeems at its net asset value; holder eligibility is not documented. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
