Northern Trust Launches Tokenized Money Market Share Class, Officially Entering the Digital Asset Space

Odaily News: Northern Trust, a TradFi giant managing $1.4 trillion in assets, announced the launch of a Tokenized Money Market Share Class for its NIF Treasury Instruments Portfolio, which invests in diversified U.S. short-term treasury instruments. This marks its official entry into the digital asset market. The tokenized share class serves as a blockchain "mirror record" of an institutional-grade share class, digitizing holdings registration through blockchain technology. In the initial phase, it will first be made available to investment clients of LiquidityDirect, a platform owned by Bank of New York Mellon. (Businesswire)

(Note: A tokenized money market share class typically refers to a share class established within a tokenized money market fund for specific investor groups or trading methods, issued and managed on the blockchain in token form.)

https://www.businesswire.com/news/home/20260226557099/en/Northern-Trust-Asset-Management-Enters-Digital-Assets-Market-with-