$18B asset manager F/m seeks SEC approval to tokenize US Treasury ETF
F/m Investments seeks SEC relief to record ownership of its $6 billion Treasury ETF on a permissioned blockchain as tokenization spreads on Wall Street.
F/m Investments asked the United States Securities and Exchange Commission (SEC) to allow it to tokenize shares of its flagship Treasury exchange-traded fund (ETF).
The $18 billion asset manager filed Wednesday for exemptive relief to let the F/m US Treasury 3 Month Bill ETF (TBIL) record ownership of its roughly $6 billion in shares on a permissioned blockchain, while remaining a standard 1940 Act exchange‑traded fund.
In its press release, F/m describes the filing as the “first of its kind” from an ETF issuer seeking US regulatory relief specifically for tokenized shares of a registered investment company.