Eligibility file · treasury fund
VanEck Treasury Fund (VBILL)
What the client owns
Issuer direct. The on-chain record is the securityholder file; the holder is the registered owner.
Who may hold it
US qualified purchasers. First purchase $100,000.
Who can freeze or claw back
Securitize (transfer agent and fund administrator): allowlist · pause · clawback · mint · upgrade on Ethereum.
How it exits
Redeem with the issuer in its window (2:00 p.m. Eastern). Daily redemption through the fund; tokens cannot be transferred or redeemed until 72 hours after issuance; USDC swaps through third-party contracts where available. Settles in USDC, USD.
Research and shelf status are on the memo: VanEck Treasury Fund (VBILL) Research unresolved
Who may buy, hold, transfer, and redeem
The issuer’s own terms, restated. Where the documents say nothing, the row says so.
| Question | The issuer’s terms |
|---|---|
| US persons | Permitted |
| Investor status | US qualified purchasers |
| Account types | individual, entity |
| First purchase minimum | $100,000 |
| Who onboards the holder | broker dealer |
| Voting rights | None |
| Distributions | reinvested |
| SIPC coverage of the wallet | No |
Who can change the record
Powers read from the deployed contract and its verified source, not from marketing copy. A power recorded here is the issuer’s ability, not evidence it has been used.
| Chain | Allowlist | Freeze | Pause | Clawback | Mint authority | Upgradeable |
|---|---|---|---|---|---|---|
| Ethereum | Yes | No | Yes | Yes | Yes | |
| Solana | Yes | Yes | No | Yes | Yes |
- onchain:0x2255718832bc9fd3be1caf75084f4803da14ff01#eip1967.implementation=0xaf88485377cca5e690e7dcb1ba81370f0b575156@26036815 · read 2026-09-23
- onchain:0x2255718832bc9fd3be1caf75084f4803da14ff01#owner()=0x59c1eacec450c57dcb9b8725d0f96635c2b676ee@26036815 · read 2026-09-23
- onchain:0x2255718832bc9fd3be1caf75084f4803da14ff01#isPaused()=false@26036815 · read 2026-09-23
- abi:sourcify:1:0xaf88485377cca5e690e7dcb1ba81370f0b575156#issueTokensWithNoCompliance · read 2026-09-23
- abi:sourcify:1:0xaf88485377cca5e690e7dcb1ba81370f0b575156#isPaused · read 2026-09-23
- abi:sourcify:1:0xaf88485377cca5e690e7dcb1ba81370f0b575156#burn · read 2026-09-23
- abi:sourcify:1:0xaf88485377cca5e690e7dcb1ba81370f0b575156#issueTokens · read 2026-09-23
- abi:sourcify:1:0xaf88485377cca5e690e7dcb1ba81370f0b575156#upgradeToAndCall · read 2026-09-23
- onchain:34mJztT9am2jybSukvjNqRjgJBZqHJsHnivArx1P4xy1#mintAuthority=BJXUcHs7R8m9oxzQkFxphZUXMY8SPsK8uPi5Sx7ycgiK@449549898 · read 2026-09-23
- onchain:34mJztT9am2jybSukvjNqRjgJBZqHJsHnivArx1P4xy1#freezeAuthority=BJXUcHs7R8m9oxzQkFxphZUXMY8SPsK8uPi5Sx7ycgiK@449549898 · read 2026-09-23
- onchain:34mJztT9am2jybSukvjNqRjgJBZqHJsHnivArx1P4xy1#permanentDelegate=BJXUcHs7R8m9oxzQkFxphZUXMY8SPsK8uPi5Sx7ycgiK@449549898 · read 2026-09-23
- onchain:34mJztT9am2jybSukvjNqRjgJBZqHJsHnivArx1P4xy1#transferHook=FsE8mCJyvgMzqJbfHbJQm3iuf3cRZC6n2vZi1Q8rQCy2@449549898 · read 2026-09-23
On-chain and ABI evidence
Where it trades
| Venue | Kind |
|---|---|
| Securitize primary market ($100,000 minimum on Solana, Avalanche, and BNB Chain; $1,000,000 on Ethereum) | issuer primary |
No Tokenized Securities Venue lists this token. Secondary trading, if any, is outside the exemption.
How it exits
| Path | Cutoff | Settlement | Minimum | Fee | Settles in |
|---|---|---|---|---|---|
| Redeem with the issuer in its window | 2:00 p.m. Eastern | Daily redemption through the fund; tokens cannot be transferred or redeemed until 72 hours after issuance; USDC swaps through third-party contracts where available | USDC, USD |
- Securitize publishes the executed offering memorandum with eligibility definitions, fees, gates, and suspension rights; the file is then re-read against it
- The compliance service, proxy target, or issuer role on Ethereum changes, or the Solana mint, freeze, permanent-delegate, or transfer-hook authority changes
- A share class opens below qualified-purchaser status or changes its minimum
- A NAV oracle failure, a missed daily redemption, or a Wormhole bridge incident affecting holders
Reopen conditions: events that change an answer above
What the monitor reads daily
Every control function in the table above, the token’s price against its stated NAV, and on-chain supply. A change reopens the file before any client action.
Sources
- Securitize and VanEck — VBILL launch release · primary · accessed 2026-09-23
Supports: qualified purchasers only per the private placement memorandum, $100,000 minimum on Avalanche, BNB Chain, Solana, $1,000,000 minimum on Ethereum, State Street custodian, Securitize Fund Services administrator, RedStone daily NAV, British Virgin Islands - Securitize — VBILL primary-market page · primary · accessed 2026-09-23
Supports: 1:30 p.m. Eastern subscription deadline, 2:00 p.m. Eastern liquidity deadline, 72-hour hold after issuance, daily redemptions, 0.2% unitary fee, share classes and minimums by chain - VBILL Solana mint metadata (points at metadata.securitize.io) · primary · accessed 2026-09-23
Supports: issuer-anchored Solana mint, permanent delegate, transfer hook, freeze authority - Verified implementation on Ethereum (Sourcify) · primary · accessed 2026-09-23
Supports: preTransferCheck compliance gate, pause, seize and omnibusSeize, issueTokens, upgradeToAndCall