$18 billion asset management giant applies for ETF tokenization: Traditional finance officially embraces blockchain

[BlockBeats] Major asset management players are also beginning to embrace tokenization. This time, it’s F/m Investments with a management scale of $18 billion taking the lead—they have submitted an application to the U.S. Securities and Exchange Commission to transfer the ownership records of their flagship product, F/m US Treasury 3 Month Bill ETF(TBIL), onto the blockchain.

The key point here is that F/m Investments emphasizes: tokenized shares will not alter existing rights, fee structures, voting rights, or economic terms; it’s simply changing the “record-keeping method” from centralized to blockchain. In plain terms, what investors hold remains essentially the same, only the underlying technology has been upgraded.

If they truly get SEC approval, TBIL will be able to support both traditional brokerage channels and digital-native platforms simultaneously. What does this mean? It means that traditional finance and the crypto world are no longer parallel lines but can truly interconnect. For the ETF market, this could be a turning point.