VanEck Treasury Fund (VBILL) stablecoin analytics
Answer First
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. Instant mint and redemption at NAV through Securitize Markets against USDC, AUSD, or USD...
Is VBILL safe?
Pharos does not assess VBILL as safe: it holds a D Safety Score grade (49/100) in the latest published rating, which flags significant structural risk. Static metadata says VanEck Treasury Fund uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from 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); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
VanEck Treasury Fund (VBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
VBILL is the on-chain share token for VanEck's Treasury Fund, with Van Eck advising the BVI Professional Fund and Securitize handling administration, tokenization, transfer agency, and KYC. The reserve stack is pleasantly dull: mostly short-duration U.S. T-bills with a cash and repo sleeve, while the token targets a stable $1.00 NAV and pays yield as newly issued tokens rather than accreting in price. Primary mint and redemption run through Securitize Markets against USDC, AUSD, or wire rails. Wormhole is the...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- 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. Instant mint and redemption at NAV through Securitize Markets against USDC, AUSD, or USD wire. 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
Next Actions
Exact bot target: /subscribe dews,depeg,safety vbill-vaneck
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
VBILL quick answers
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. Instant mint and redemption at NAV through Securitize Markets against USDC, AUSD, or USD...
Is VBILL safe?
Pharos does not assess VBILL as safe: it holds a D Safety Score grade (49/100) in the latest published rating, which flags significant structural risk. Static metadata says VanEck Treasury Fund uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from 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); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs VBILL?
Pharos classifies VBILL backing as Real-World Asset Backed. Collateral, per the static profile: 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... Reserve evidence: Self-Reported PoR from 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).
Can VBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for VBILL, when applicable, appear in the dossier below.
