According to Cointelegraph, F/m Investments has submitted an application to the U.S. Securities and Exchange Commission (SEC), seeking to record ownership of its flagship product, the F/m US Treasury 3 Month Bill ETF (TBIL), on a permitted blockchain. This would be the first instance of an ETF issuer seeking a special exemption from U.S. regulators for tokenized shares of a registered investment company. The company emphasized that the tokenized shares will retain the same rights, fees, voting rights, and economic terms as existing TBIL shares, with only the method of recording ownership being changed. If approved, TBIL would be able to support both traditional brokerage channels and digital-native platforms simultaneously.
F/m Investments Applies to the SEC for Tokenizing a $600M Treasury ETF
TechFlowShare
Summary
F/m Investments has submitted a filing to the SEC to tokenize shares of its F/m U.S. Treasury 3-Month Bill ETF (TBIL). The company states that tokenized shares will have the same rights, fees, and voting terms as existing shares, with only the method of ownership updated. If approved, the ETF will be able to trade on both traditional and digital platforms.
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