F/m Investments Seeks SEC Approval for TBIL ETF Tokenization

F/m Investments has filed for SEC approval to tokenize the TBIL ETF on a permissioned blockchain, keeping its regulatory status intact.

The move highlights the growing trend of tokenizing financial instruments, aiming to integrate technological innovation with traditional investor protections.

F/m Investments has announced its submission to the SEC
to tokenize shares of their TBIL ETF. The tokenization would occur on a permissioned blockchain ledger,
ensuring no change in CUSIP, rights, or fees under the Investment Company Act of 1940.

The filing has been made as part of a wider initiative to leverage blockchain while preserving traditional protections.
Alexander Morris stated that integrating blockchain technology with regulatory frameworks offers a progressive approach to investor security.

“The question is whether it happens inside the regulatory framework investors have relied on for 85 years,
or without that set of protections for investors. We’d rather build an on-ramp that marries technological
innovation and investor protection than watch from the sidelines.” – Alexander Morris, CEO of F/m Investments

Potential benefits of this technology include immediate settlements and lower costs,
anticipated to influence the traditional finance sector. Current industry reactions remain speculative
as no direct social or market data impacts are reported yet.

This initiative marks a significant milestone in finance, seeking to combine blockchain efficiencies
with current regulatory paradigms. Alexander Morris opines that tokenization is an inevitable trend
poised to reshape financial instruments.

Insights suggest regulatory approvals may facilitate broader adoption, yet uncertainties remain
about market acceptance. With no immediate precedents, this filing could set new standards in the integration
of blockchain technology and finance.