On November 6, 2025, tokenization platform Securitize and asset manager VanEck announced the expansion of the VanEck Treasury Fund, VBILL, to Aave's real-world assets (RWA) platform Horizon, which originally went live on August 27, 2025. This integration enables qualified institutional investors to use VBILL tokens as collateral to borrow stablecoins within the Horizon market, leveraging Chainlink's NAVLink oracle for real-time net asset value (NAV) pricing data.
Horizon has rapidly expanded its RWA footprint since launch, with over $500 million in onchain market value, and the Aave v3.3 platform brings institutional-grade compliance and hybrid finance capabilities to VBILL. Stani Kulechov, founder of Aave Labs, emphasized that the partnership combines Securitize's high-quality tokenized assets, Chainlink's NAV pricing, and Aave's liquidity and infrastructure. Kyle DaCruz, VanEck's director of digital assets product, described it as a natural evolution for tokenized securities, allowing investors to access DeFi efficiency while maintaining Treasury safety and transparency.
The collaboration aims to bridge decentralized finance (DeFi) with traditional finance, enhancing liquidity and interoperability. This milestone aligns with the growing RWA sector, which has surpassed $35 billion onchain and is forecasted to spike in coming years, driven by tokenized Treasuries, stocks, and private credit.