F/m Investments seeks SEC relief to record ownership of its $6 billion Treasury ETF on a permissioned blockchain as tokenization spreads on Wall Street. F/m Investments asked the United States Securities and Exchange Commission (SEC) to allow it to tokenize shares of its flagship Treasury exchange-traded fund (ETF). The $18 billion asset manager filed Wednesday for exemptive relief to let the F/m US Treasury 3 Month Bill ETF (TBIL) record ownership of its roughly $6 billion in shares on a permissioned blockchain, while remaining a standard 1940 Act exchange‑traded fund. In its press release, F/m describes the filing as the “first of its kind” from an ETF issuer seeking US regulatory relief specifically for tokenized shares of a registered investment company. Read more
The fund targets institutional investors seeking returns beyond traditional long-only, “vanilla” Bitcoin exposure. The digital asset arm of Nomura is launching a new yield-focused Bitcoin investment product, as asset managers look to offer institutional investors returns beyond simple price exposure. Laser Digital is launching the Bitcoin Diversified Yield Fund (BDYF) to address a growing market demand for tokenized yield-driven funds over “vanilla long-only funds,” according to a Thursday announcement shared with Cointelegraph. Unlike traditional long-only Bitcoin (BTC) funds, the new product seeks to produce income by deploying diversified strategies intended to generate yield while maintaining exposure to Bitcoin, according to Laser Digital. Read more