{"id":417760,"date":"2026-01-22T17:42:23","date_gmt":"2026-01-22T12:12:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/f-m-seeks-sec-approval-to-tokenize-shares-of-6b-treasury-etf-tbil-crypto-news\/"},"modified":"2026-01-22T19:18:01","modified_gmt":"2026-01-22T13:48:01","slug":"f-m-seeks-sec-approval-to-tokenize-shares-of-6b-treasury-etf-tbil-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/f-m-seeks-sec-approval-to-tokenize-shares-of-6b-treasury-etf-tbil-crypto-news\/","title":{"rendered":"F\/m Seeks SEC Approval to Tokenize Shares of $6B Treasury ETF TBIL – Crypto News"},"content":{"rendered":"

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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).<\/p>\n

The $18 billion asset manager filed<\/a> Wednesday for exemptive relief to let the F\/m US Treasury 3 Month Bill ETF (TBIL) record ownership of its roughly $6 billion<\/a> in shares on a permissioned blockchain<\/a>, while remaining a standard 1940 Act exchange\u2011traded fund<\/a>.<\/p>\n

In its press release, F\/m describes<\/a> the filing as the \u201cfirst of its kind\u201d from an ETF issuer seeking US regulatory relief specifically for tokenized<\/a> shares of a registered investment company. <\/p>\n

The company said the onchain representation would use the same Committee on Uniform Securities Identification Procedures number, and carry the same rights, fees, voting power and economic terms as TBIL shares today, effectively making tokenization just another way to record who owns the shares, rather than a separate new asset.<\/p>\n

A broader tokenization trend in traditional funds<\/h2>\n

F\/m\u2019s approach closely tracks recent experiments by Franklin Templeton<\/a>, a major US asset manager that has launched blockchain\u2011enabled US government money market funds and other tokenization pilots, moving share ownership records for its onchain US government money market fund to a public blockchain while keeping the product under the Investment Company Act.<\/p>\n

Related: <\/strong><\/em>State Street rolls out new crypto tokenization tools<\/strong><\/em><\/a><\/p>\n

In F\/m\u2019s case, tokenization would be layered onto a listed Treasury ETF rather than a money market mutual fund, potentially widening the universe of token\u2011enabled, regulated fixed\u2011income products.<\/p>\n

F\/m Investments\u2019 SEC filing. Source: <\/em>SEC<\/em><\/a><\/figcaption><\/figure>\n

The company contrasts its model with \u201cstablecoins or unregistered digital tokens,\u201d emphasizing that TBIL\u2019s tokenized shares would still be subject to independent board oversight, daily portfolio transparency, third\u2011party custody and audit, and the broader protections of 1940 Act funds. <\/p>\n

If the SEC grants the requested relief, F\/m says TBIL would be able to support both traditional brokerage rails and digital-native, \u201ctoken-aware\u201d platforms through a single share class, without changing its investment objective or portfolio.<\/p>\n

\u200bThe application came just days after the New York Stock Exchange unveiled plans<\/a> for a new venue aimed at 24\/7 trading and onchain settlement of tokenized stocks and ETFs, as tokenization shifts from pilots to mainstream markets. <\/p>\n

Cointelegraph reached out to F\/m Investments for additional comment, but had not received a response by publication.<\/p>\n

Magazine: <\/strong><\/em>Kevin O\u2019Leary says quantum attacking Bitcoin would be a waste of time<\/strong><\/em><\/a> <\/p>\n