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VanEck has launched a multi-chain short-term U.S. Treasury investment product VBILL.
According to Gate.io News bot, as reported by Wu, asset management company VanEck has officially launched the VanEck Treasury Fund (VBILL). This product offers on-chain short-term U.S. Treasury investment services on four major blockchain networks: Avalanche, BNB Chain, Ethereum, and Solana.
In terms of investment thresholds, the Ethereum network requires a minimum investment of 1 million USD, while other blockchain networks have a minimum investment of 100,000 USD. The products use RedStone Oracle for daily price updates, and the assets are custodial by State Street.