Northern Trust Enters Digital Asset Market with Tokenized Money Market Share Class

Northern Trust has announced the launch of a tokenized share class for its NIF Treasury Instruments Portfolio, marking its entry into the digital asset market. According to ChainCatcher, this tokenized share class serves as a blockchain 'mirror record' of institutional-level shares, enabling digital registration of holdings through blockchain technology. Initially, it will be available to investment clients on the LiquidityDirect platform under Bank of New York Mellon.