F/m Investments seeks SEC permission to tokenize ETF shares

F/m Investments, managing $18 billion, has applied to the SEC to tokenize its flagship US Treasury 3 Month Bill ETF (TBIL) on a permissioned blockchain ledger. The goal is to boost operational efficiency and recordkeeping while keeping the ETF's traditional trading, arbitrage, and regulatory structure intact. Tokenized shares will maintain identical ownership and economic rights, trading exclusively through registered broker-dealers on national exchanges. The blockchain will serve only as a controlled recordkeeping and settlement layer. CEO Alexander Morris stated the firm seeks to establish a regulated path for tokenization, ensuring technological innovation is coupled with existing investor protections.

(Source：Crypto Briefing)