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VBILL Tokenized Treasuries Approved as Collateral on Aave’s Horizon

The listing lets qualified investors borrow stablecoins against tokenized Treasury holdings.

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Overview

  • VBILL went live on Aave’s institutional Horizon real‑world asset market on Nov. 6, making the fund an approved collateral asset.
  • Chainlink’s NAVLink and LlamaGuard NAV oracles provide verified NAV-based pricing, with Securitize’s Trusted Single Source Oracle planned for a future integration.
  • Qualified institutions can now post VBILL to borrow stablecoins on Aave, converting tokenized Treasuries into onchain liquidity.
  • Aave’s Horizon has expanded quickly since its Aug. 27 launch, with total market size reported between roughly $460 million and more than $500 million.
  • VBILL, launched earlier in 2025 as VanEck’s first tokenized fund, holds short‑term U.S. Treasury assets for regulated, institution‑focused DeFi use.