F/m Investments seeks SEC relief to tokenize $6B US Treasury ETF shares

F/m Investments, a $18 billion asset manager, has asked the U.S. SEC for exemptive relief to tokenize shares of its F/m US Treasury 3 Month Bill ETF (TBIL). The filing, submitted Wednesday, would let roughly $6 billion in TBIL shares be recorded on a permissioned blockchain while the fund remains a standard 1940 Act ETF.