What F/m’s Latest ETF Filing Means for the Future of Tokenization

Now that dual share classes are a reality, what’s next for ETFs? Some say tokenization. The $18 billion issuer F/m Investments took a major step toward such a future last week by filing an application with the Securities and Exchange Commission seeking to tokenize shares of its F/m US Treasury 3 Month Bill ETF (TBIL). The move would allow TBIL, which invests in a single three-month Treasury bill and cash equivalents, to trade on both traditional brokerage platforms and digital-first ones without changing ...