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Normalised product comparison
Put products side by side. Issuers publish fees, yields and redemption terms in different formats, so every figure here has been converted to the same basis first. Rows are grouped into economics, liquidity, access and regulation, infrastructure, and how well sourced the data is.
Normalised comparison
As of 29 Aug 2026
VanEck Treasury Fund
VBILL· VanEck
Identity
Ticker
VBILL
Issuer
Asset class
Tokenized Treasury
Product structure
Tokenized Fund
Underlying asset
US Treasury bills with maturities under six months
Launched
13 May 2025
Economics
Yield
4.09%
Yield basis
30-day net
Expense ratio
0.20%
Yield net of fee
4.09%
AUM
$35.5M
17D AUM change
-2.7%
NAV per token
1.0000 USD
Base currency
USD
Weighted average maturity
16d
Liquidity
Redemption frequency
Daily
Dealing cut-off
14:00 ET, business days
Settlement
T+0 USD wire; T+0 to USDC
Redemption fee
None
Secondary venues
Securitize Markets (ATS)
Access & regulation
Investor eligibility
Institutional
Minimum investment
$1,000,000
Available in
USSG
Prohibited
Retail investors; European Union
Issuer jurisdiction
United States
Fund domicile
British Virgin Islands
Legal structure
BVI Professional Fund
Allow-list required
Yes
Transfer restrictions
Allow-listed qualified purchasers only.
Infrastructure
Networks
3
Custodian
Administrator
Transfer agent
Tokenization platform
Oracle / attestation
Securitize NAV attestation
Highlighted cells mark the most favourable value on rows where a single direction is unambiguously better (higher yield, lower fee, lower minimum, faster redemption, shorter maturity, greater scale, better coverage). Rows marked * carry a caveat: hover the label. Yields quoted on different bases are not directly comparable; product structure changes what you legally own. This is data, not a recommendation.