VBILLTokenized U.S. Treasuries·VanEck·LiveAs of Jul 7, 2026

VanEck Treasury Fund

BVI-domiciled tokenized U.S. Treasury bill fund managed by Van Eck Absolute Return Advisers, distributed via Securitize.

Verified Capital Trust Rating

48/ 100

Limited+37 to Verified Capital (≥85)+9 pts / 30d

Deployment

ETHEthereum

View on explorer →

0x2255718832bc9fd3be1caf75084f4803da14ff01

OCB — 01·Rating breakdown

Methodology v1.1 · Jul 7, 2026

VBILL across four dimensions

DisclosureLIMITING8 / 25

Liquidity17 / 25

Structure14 / 25

Concentration8 / 25

Gap to Verified Capital (≥85)+37

Signal readings

Disclosure tier: voluntary daily
Attestations / 180d: 0
DEX liquidity: $0.00
Outstanding supply: $20.70M
Liquidity / supply: 0.000%
Top-10 holder pct: 100.0%

OCB — 02·Outstanding supply

$20.70M

VBILL supply over time

VBILL · VanEck

Outstanding supply (USD)

VBILL outstanding supply is $20.70M as of Jul 7, 2026. -33.6% over the prior 30 days.

Source: OCB · VBILL · onchainbenchmark.comUpdated daily

OCB — 03·Rating history

22 readings

VBILL trust rating since coverage began

VBILL · Verified Capital Trust Rating

Composite rating (0–100)

VBILL rating is 48 as of Jul 7, 2026. +9 points over the prior 30 days.

Source: OCB Trust Ratings · VBILL · onchainbenchmark.comUpdated daily

OCB — 04·Coverage gaps + diligence

What closes the gap — and who closes it

Redemption Liquidity· 1 finding

redemption path85% confidence

·Direct redemption path available (profile: institutional only).
·Direct path score: 17.0/25.
·No onchain liquidity depth recorded at time of scoring.

Score impact: Composite redemption_liquidity score: 17.0/25

Verified Jun 13, 2026· norm_redemption_liquidity row observed 1d ago

Disclosure Quality — issuer disclosure· 1 finding

contract addressEthereum contract95% confidence

Contract address verified on Ethereum: (primary deployment)

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 1

Holder Concentration· 1 finding

data gapholder concentration gap90% confidence

gap:concentration

No holder concentration data available at time of scoring run.

Verified Jun 13, 2026

OCB — 05·Anomaly history

Resolved anomalies

Jul 6, 2026

→ Jul 7, 2026

score dropmediumresolved

Total trust score dropped 7pts (55 → 48, band: limited)

Jun 25, 2026

→ Jun 26, 2026

supply driftmediumresolved

Outstanding supply decreased 37.4% step-to-step ($31M → $20M).

Methodology

VBILL is scored across the same four dimensions as every other rated instrument — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology →