US Treasury ETFs On-Chain? Investment Firm Seeks SEC Nod: ‘Tokenization Is Coming To Securities Markets…’ – Grayscale Ethereum Staking Mini ETF Shares (ARCA:ETH)

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Asset management firm F/m Investments sought SEC approval on Wednesday to tokenize shares of its flagship U.S. Treasury Bill exchange-traded fund.

Regulated Pathway For Treasury Bill ETFs

F/m Investments applied with the regulator to record ownership of tokenized shares of the US Treasury 3 Month Bill ETF (NASDAQ:TBIL) on a “permissioned” blockchain.

If the SEC approves the request, TBIL’s existing ETF shares would be represented on a blockchain under the same Committee on Uniform Securities Identification Procedures code. This would grant the same rights, fees, voting rights, and economic terms as current TBIL shares.

The firm stated that its approach ensures tokenized…