F/m Investments Seeks SEC Approval to Tokenize TBIL ETF Shares
Asset manager F/m Investments has filed with the U.S. SEC to record shares of its U.S. Treasury 3‑Month Bill ETF (TBIL) on a permissioned blockchain, while maintaining existing shareholder rights and regulatory structure.
F/m Investments has filed for approval from the U.S. Securities and Exchange Commission to tokenize shares of its U.S. Treasury 3‑Month Bill ETF (TBIL), a step the firm says would record ETF ownership on a permissioned blockchain and retain the fund’s regulatory status [1][4][2].
The company says tokenized shares would keep the same rights, fees, voting rights and economic terms as existing ETF shares, use the same CUSIP, and enable near‑instant settlement and on‑chain transfers while operating on a permissioned ledger [4][1][2].
F/m Investments manages roughly $18 billion in assets, and the SEC has not yet indicated a decision on the filing [1][3].
F/m Investments says it believes this would be the first request to tokenize shares of a registered investment company’s ETF, and the SEC’s review outcome remains pending [4][1].
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Citations
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- 1F/m Investments Seeks SEC Approval to Tokenize ETF Sharesdefiliban.com• Jan 22, 2026
- 2F/m Investments Seeks SEC Approval for TBIL ETF TokenizationNFTenex• Jan 22, 2026
- 3F/m Investments seeks SEC permission to tokenize ETF sharesCrypto Briefing• Jan 21, 2026
- 4F/m Investments Seeks SEC Approval to Tokenize Shares of ETFBlockonomi• Jan 22, 2026
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