US Treasury ETFs On-Chain? Investment Firm Seeks SEC Nod: 'Tokenization Is Coming To Securities Markets…'
F/m Investments has applied for SEC approval to tokenize shares of its U.S. Treasury Bill ETF, aiming to record ownership on a permissioned blockchain. This move aligns with the Investment Company Act of 1940, ensuring investor protections. The tokenization trend is growing, with the market for tokenized U.S. treasuries reaching $9.57 billion. The NYSE is also developing a platform for trading tokenized stocks and ETFs. TBIL ETF shares saw a slight decline of 0.02% in after-hours trading, maintaining a positive price trend overall.
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