F/m Investments Seeks SEC Approval for Tokenized ETF Shares

F/m Investments has applied for approval from the U.S. Securities and Exchange Commission (SEC) to tokenize shares of its U.S. Treasury 3-Month Bill ETF. According to NS3.AI, the initiative aims to record ownership on a permissioned blockchain while maintaining all rights and economic features of traditional shares. The proposal highlights the importance of regulatory oversight, transparency, custody, and auditing to ensure compliance with the Investment Company Act of 1940 and align with existing financial standards.