F/m Investments, RBB Fund Seek SEC Approval to Tokenize TBIL ETF Shares on 1 Blockchain
Updated
Updated · cryptonews.net · Jun 3
F/m Investments, RBB Fund Seek SEC Approval to Tokenize TBIL ETF Shares on 1 Blockchain
1 articles · Updated · cryptonews.net · Jun 3
Summary
F/m Investments and The RBB Fund filed an SEC exemptive application on Jan. 21 to tokenize shares of TBIL, the U.S. Treasury 3 Month Bill ETF, in what the report says is likely the first such ETF-issuer filing.
The proposal would record ownership on a permissioned blockchain ledger while keeping the same fund, economics, exchange listing and regulatory framework, making it a test of whether tokenization can develop inside existing market rules.
TBIL’s structure points to a broader use case for regulated on-chain yield and collateral rather than speculative tokens, with tokenized ETFs pitched as a way to add faster settlement and interoperability to familiar investment products.
The filing comes as tokenized securities gain momentum: Citi projects the market could reach $5.5 trillion by 2030, driven by demand for on-chain Treasuries and tokenized stocks.
How will 24/7 trading of tokenized U.S. Treasuries reshape global financial markets and the dollar's international role?
As Wall Street tokenizes trillions in assets, will this digital shift truly democratize finance for the average person?
With banks and crypto clashing, will the CLARITY Act create fair competition or just protect the old guard of finance?
F/m Investments Files Landmark SEC Application to Tokenize TBIL ETF, Setting Precedent for Regulated Blockchain Finance
Overview
F/m Investments and RBB Fund have submitted a groundbreaking application to the SEC, aiming to tokenize shares of the F/m US Treasury 3 Month Bill ETF (TBIL). Their proposal centers on recording TBIL share ownership on a permissioned blockchain ledger, while ensuring the ETF continues to operate within established regulatory frameworks. This approach combines technological innovation with strong investor protections, as F/m Investments believes tokenization in securities markets is inevitable. By building a regulated on-ramp for tokenization, the initiative seeks to advance financial technology without compromising the safeguards that have long protected investors.