F/m Investments Seeks SEC Exemption to Record Part of $6.30 Billion TBIL ETF on Blockchain

F/m Investments has filed for an SEC exemption to record a portion of its $6.30 billion TBIL 3‑month U.S. Treasury ETF on a blockchain while keeping the fund's existing structure and trading model unchanged. The proposal is designed to test tokenized share registration within the current regulatory framework, with the firm stressing that investor rights, fees, and disclosure standards would remain the same. Market reaction has remained limited, as the move targets backend infrastructure rather than cryptocurrency pricing or trading activity.