F/m Investments Seeks SEC Approval to Tokenize ETF Shares
- F/m Investments, managing $18 billion in assets, has filed with the SEC to tokenize its US Treasury 3 Month Bill ETF (TBIL) on a permissioned blockchain.
- The initiative aims to improve operational efficiency and recordkeeping while maintaining traditional trading and regulatory frameworks.
- Tokenized shares would be created and redeemed one-for-one with regular ETF shares, preserving ownership, voting, and economic rights.
- Secondary-market trading will occur through registered broker-dealers on national exchanges or alternative trading systems.
- The blockchain will serve as a controlled recordkeeping layer with restricted transfers to authorized activities.
F/m Investments has filed for SEC approval to tokenize its US Treasury 3 Month Bill ETF on a blockchain, aiming to enhance efficiency while preserving existing trading frameworks.
Source (3.2)https://cryptobriefing.com/tokenized-etf-shares-sec-approval/?rand=59535
