VanEck's tokenized U.S. Treasury fund, VBILL, is now available on the Euler lending platform, allowing investors to use tokenized Treasuries as collateral for borrowing and deploying liquidity onchain while maintaining compliance limits. This move highlights a growing trend of DeFi protocols adapting to host regulated, tokenized assets, as tokenization is projected to bring trillions of dollars onchain. Euler, which pivoted earlier this year toward institutional use cases, integrated Securitize's DS Protocol to support tokenized securities. Tokenized U.S. Treasuries have surpassed $15 billion in assets, growing 150% in a year, with major asset managers like BlackRock and Franklin Templeton launching similar products. Despite this growth, the market is still in its early stages, with Standard Chartered projecting $2 trillion in tokenized assets by 2028 and BCG and Ripple forecasting $18.9 trillion by 2033. Securitize's head of ecosystem, Graham Ferguson, emphasized that DeFi protocols are now eager to integrate permissioned assets, a shift from the past. The challenge for DeFi is balancing open infrastructure with the compliance expectations of traditional finance firms.

Key facts

• VanEck's tokenized Treasury fund VBILL is now live on Euler lending markets.
• Investors can use tokenized Treasuries as collateral for onchain borrowing and liquidity deployment.
• Tokenized U.S. Treasuries have surpassed $15 billion in assets, growing 150% in a year.
• Standard Chartered projects $2 trillion in tokenized assets by 2028; BCG and Ripple forecast $18.9 trillion by 2033.
• Euler pivoted to institutional use cases and integrated Securitize's DS Protocol for tokenized securities.

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