TechFlow reported on January 22 that, according to Cointelegraph, F/m Investments has filed an application with 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 permissioned blockchain. This marks the first time an ETF issuer has requested special relief from U.S. regulators to tokenize shares of a registered investment company. The firm emphasized that tokenized shares will maintain the same rights, fees, voting rights, and economic terms as existing TBIL shares, with only the method of ownership recording being changed. If approved, TBIL will be able to operate simultaneously through traditional brokerage channels and digital-native platforms.
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