VanEck makes a decisive shift: why tokenization is no longer just an option

1. Introduction: A Strategic Turning Point for Traditional Finance

The launch of a multi-blockchain tokenized fund by VanEck in May 2025 is far more than just another headline in the asset management industry. It represents a major and symbolic shift in how traditional financial institutions are approaching Web3 technologies.

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VanEck — founded in 1955, managing over $116 billion in assets and active across several continents — has made a deliberate choice to integrate blockchain infrastructures into its investment offerings.

What makes this initiative especially noteworthy is that it does not come from a crypto-native player, but from an established institutional asset manager firmly rooted in traditional finance.

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This long-anticipated, yet still rarely realized, convergence prompts a deeper examination of the nature of this transition: its driving forces, its beneficiaries, and its long-term implications for the investment landscape.

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3. Why the Multi-Blockchain Approach Is Strategic

The originality of VanEck’s initiative also lies in its technical architecture. The fund was designed to be deployed simultaneously across four blockchains: Ethereum, Solana, Avalanche, and BNB Chain. This choice reflects a strategy far more ambitious than a mere proof of concept.

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By adopting a multi-blockchain approach, VanEck is betting on interoperability. This means that the fund’s tokens can move freely between chains, giving investors greater flexibility based on their technological preferences or the specific characteristics of each network (speed, costs, popularity). The underlying technology enabling this seamless communication is provided by the Wormhole protocol.

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This architecture serves a clear purpose: accessibility and scalability. It anticipates a decentralized digital finance landscape where investors are no longer limited by the technical boundaries of traditional information systems.

4. The Benefits for Investors — and for VanEck

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For investors, this type of tokenized fund represents a real breakthrough: it enables 24/7 access to a traditionally inflexible asset class — U.S. Treasuries — with digital transactions that are traceable, secure, and executed in real time. It also reduces the administrative complexity often associated with managing regulated investment products.

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For VanEck, the initiative strengthens its position as a pioneer in integrating Web3 technologies into institutional offerings. It allows the firm to adapt to a new generation of digital-native investors while meeting growing demands for transparency and operational efficiency. In a highly competitive landscape for ETFs and structured products, this technological differentiation becomes a powerful lever for market capture.

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5. A Strong Signal: Tokenization as a Lasting Competitive Advantage

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This rollout also comes at a time of increasingly favorable regulation. In the U.S., the SEC is intensifying its engagement with Web3 players, while the UK’s Financial Conduct Authority (FCA) has explicitly included support for fund tokenization in its five-year strategy. These institutional developments are paving the way for the gradual standardization of these digital financial instruments.

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Against this backdrop, VanEck’s move serves as a powerful signal: it reflects the growing recognition that blockchain is no longer peripheral to finance — it is becoming the core infrastructure of next-generation investment services. The multi-blockchain tokenized fund is not a marketing stunt; it is a platform for learning, experimentation, and the consolidation of new models.

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Conclusion: Toward a Tokenized, Accessible, and Interoperable Financial System

VanEck’s initiative illustrates a structural shift in how investment products are conceived. By leveraging the promise of blockchain and tokenization, it is reshaping the contours of a more direct, accessible, and potentially more inclusive financial system.

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For investment professionals, this evolution is both an opportunity and a wake-up call: it is no longer enough to observe the market — active participation is required.

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Understanding these dynamics is essential to support the industry's transformation, seize strategic levers, and anticipate the use cases of tomorrow.

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In this landscape, tokenization is only beginning to reveal its full potential — and those who commit to it today will help architect the finance of the future.