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šŸ¦ VanEck's VBILL and Anchorage Acquires Mountain Protocol

🌓 Your Mid-Week Security Token Digest

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Goooood Morning, Rainmakers! ā˜€ļø

As always, we have two captivating topics for you to dive into:

1ļøāƒ£ šŸ¦ VanEck’s Coming Onchain with VBILL on Securitize

2ļøāƒ£ šŸ¤ Anchorage to Acquire Mountain Protocol (USDM)!

Without further ado, it's time to…

Get Liquid šŸ’§

Your First Captivating Topic of the Week

šŸ¦ VanEck’s Coming Onchain with VBILL on Securitize

Another week, another TradFi titan going full degen (well, the first step). This time it’s VanEck, the $100B+ asset manager, announcing their first tokenized fund, the VanEck Treasury Fund ($VBILL).

What’s the pitch? It’s a $1-pegged, yield-generating fund, but tokenized. Issued on Securitize, VBILL is available on Avalanche, Ethereum, Solana, and will be the first RWA Securitize mints on BNB Chain. Of course Wormhole will be the interoperability provider. While all of the chains’ share classes charge a 0.20% management fee, the minimum investment is $100K on all except Ethereum ($1M minimum), with interest being accrued and paid daily in additional tokens.

By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets

Kyle DaCruz, Director of Digital Assets Product at VanEck

The fund’s underlying assets are custodied by State Street, Securitize Fund Services will be the fund admin, and real-time pricing/ NAV calculations comes from RedStone’s oracles.

So another tokenized treasury fund? What’s unique?

Here’s an interesting piece of the puzzle. Investors can participate using fiat or USDC but to redeem they have an additional liquidity option: Swap VBILL for Agora’s AUSD stablecoin anytime!

What’s Agora? They’re a stablecoin issuer led by Nick van Eck, grandson of Jan van Eck, with their flagship product being backed by cash, US Treasury bonds, and overnight repurchase agreements.

With yieldcoins approaching $7B in AUM, VBILL is kicking off at $10M and it’ll be interesting how quickly it gains traction - potentially bringing us over the hump to reach this milestone.

This is not financial advice.

Monday’s Onchain: Weekly X Spaces

We’re excited to announce STM.co is kicking off its own X Spaces this coming Monday!

Join us on Monday’s Onchain to talk about
šŸ“° Tokenization News
šŸš€ New RWAs
ā­ļø Featured Guests and more!

Set your reminder and see you there!

Your Second Captivating Topic of the Week

šŸ¤ Anchorage to Acquire Mountain Protocol (USDM)!

Congratulations are in order for the team at Mountain Protocol! šŸ‘ This year’s track record of M&A in the space continues as Anchorage Digital just announced that they’re acquiring the team behind USDM, a stablecoin that’s not only backed 1:1 by U.S. treasuries but also pays you yield.

celebrate seth meyers GIF by Late Night with Seth Meyers

But why is Anchorage buying Mountain Protocol? Anchorage is the only federally chartered crypto bank in the U.S. and they mainly serve big institutions. By snapping up Mountain Protocol, they’re aiming to make stablecoins way more appealing (and compliant) for asset managers, fintechs, and any other serious players who’ve been waiting on the sidelines for a regulatory green light.

As someone on the SEC’s crypto task force roundtable said ā€œstablecoins are becoming the new checking account and tokenized treasuries are becoming the new savings account.ā€ The stablecoin wars are heating up and this one’s got serious TradFi appeal.

Congrats again Martin Carrica, Emanuele Rossi, and team from your friends at STM.co!

If you didn’t catch Emanuele at TokenizeThis, check him out in the recording of the DeFi Vaults for RWAs panel!

This is not financial advice.

šŸ’¦ What else is Drippin’

Companies of the Week

Company of the Week - Herwig: Beyond, Inc.
Company of the Week - Kyle: Permuto Capital

Find out why and more every Friday live around 12pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

RWA Foundation

Have you joined the RWA Foundation yet? 

Incubated by Security Token Market, the Real World Assets (RWA) Foundation is a crypto native organization dedicated to bridging crypto natives and tokenized assets. The leading brands in the tokenization and RWA industry contribute support in order for the RWA Foundation to develop educational resources, media, events, grant programs, and crypto-focused initiatives to carry out its mission.

If you weren’t at TokenizeThis, you might have missed the announcement with STM.co, Solana, and Orca. Check out the highly-anticipated launch trailer of the Wally DAO:

Follow on X, join the Telegram, and stay updated on all things about the Foundation, RWA Industry, our upcoming DAO launch, and a whole lot more. TRUNKS UP 🐘 !

Reports

(NEW) RWA Tokenization: Key Trends and 2025 Market Outlook

Keep an eye out tomorrow for a new report we contributed to: RWA Tokenization: Key Trends and 2025 Market Outlook. Led by Brickken, this report brings multiple parties together in diving into tokenization, with STM.co supporting with both data and some of the written sections.

What’s Inside?

āœ… A Breakdown of Tokenization and Related Benefits
āœ… Key advantages for issuers, investors, and institutions
āœ… How the market is evolving and trends shaping adoption in 2025
āœ… What’s next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth

STM’s RWA Market Prediction for 2030

Security Token Market (STM.Co) is proud to release a thorough report on our prediction on the tokenized real world asset market growth. This report explores the variety of opportunities within each asset class to capture value on-chain.

Tokenization can be applied to just about any object and asset type. Art, carbon credits, life insurance, and other sub $5 trillion asset classes weren’t even considered in estimates.

In order for STM to derive its 2030 market predictions, the following asset classes were evaluated: currency, M2/M3, real estate, commodities, public equities, private companies and funds, bonds, credit and lending markets.

State of the Tokenization Industry 2024 Report

We are very excited to publish our State of the Tokenization Industry 2024 report tomorrow with our sponsor SteelWave Digital! The Security Token Market team covers this year’s headlines and key takeaways, sorted into the following categories:

Search away, share it with a colleague, and revisit the same link for future updates!

TokenizeThis 2024: Highlights and Key Takeaways Report

The TokenizeThis 2024 Conference Highlights Report is Now Available! This was the industry’s event of the year with 500+ registered attendees, 40+ speakers, and 20 sessions & side events in Miami, FL!

There was so much to do you may have missed some panels but not to worry, the STM Team has put together a summary of it all just for you.

This is not financial or investment advice.

Do you want your company or project in front of the largest, most curated security token audience on the planet?

If interested, please reach out to [email protected] to find out a way we can work together :)

Everything in this newsletter is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this newsletter should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.