- What's Drippin'
- Posts
- š¦ VanEck's VBILL and Anchorage Acquires Mountain Protocol
š¦ VanEck's VBILL and Anchorage Acquires Mountain Protocol
š“ Your Mid-Week Security Token Digest
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Goooood Morning, Rainmakers! āļø
As always, we have two captivating topics for you to dive into:
1ļøā£ š¦ VanEckās Coming Onchain with VBILL on Securitize
2ļøā£ š¤ Anchorage to Acquire Mountain Protocol (USDM)!
Without further ado, it's time toā¦
Get Liquid š§
Your First Captivating Topic of the Week
š¦ VanEckās Coming Onchain with VBILL on Securitize
Another week, another TradFi titan going full degen (well, the first step). This time itās VanEck, the $100B+ asset manager, announcing their first tokenized fund, the VanEck Treasury Fund ($VBILL).
Whatās the pitch? Itās 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 chainsā 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
The fundās underlying assets are custodied by State Street, Securitize Fund Services will be the fund admin, and real-time pricing/ NAV calculations comes from RedStoneās oracles.
So another tokenized treasury fund? Whatās unique?
Hereās 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 Agoraās AUSD stablecoin anytime!
Whatās Agora? Theyāre 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 itāll be interesting how quickly it gains traction - potentially bringing us over the hump to reach this milestone.
This is not financial advice.
Mondayās Onchain: Weekly X Spaces

Weāre excited to announce STM.co is kicking off its own X Spaces this coming Monday!
Join us on Mondayās Onchain to talk about
š° Tokenization News
š New RWAs
āļø Featured Guests and more!
Set your reminder and see you there!
Your Second Captivating Topic of the Week
š¤ Anchorage to Acquire Mountain Protocol (USDM)!
Congratulations are in order for the team at Mountain Protocol! š This yearās track record of M&A in the space continues as Anchorage Digital just announced that theyāre acquiring the team behind USDM, a stablecoin thatās not only backed 1:1 by U.S. treasuries but also pays you yield.

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, theyāre aiming to make stablecoins way more appealing (and compliant) for asset managers, fintechs, and any other serious players whoāve been waiting on the sidelines for a regulatory green light.
As someone on the SECās crypto task force roundtable said āstablecoins are becoming the new checking account and tokenized treasuries are becoming the new savings account.ā The stablecoin wars are heating up and this oneās got serious TradFi appeal.
Congrats again Martin Carrica, Emanuele Rossi, and team from your friends at STM.co!
If you didnāt catch Emanuele at TokenizeThis, check him out in the recording of the DeFi Vaults for RWAs panel!
This is not financial advice.
š¦ What else is Drippinā
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 werenāt 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 š !
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.
Whatās Inside?
ā
A Breakdown of Tokenization and Related Benefits
ā
Key advantages for issuers, investors, and institutions
ā
How the market is evolving and trends shaping adoption in 2025
ā
Whatās next? Expert insights on regulation, DeFi integration, institutional involvement, and market growth
STMās 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 werenāt 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 yearās 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 industryās 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.
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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.