Northern Trust launches tokenized money market share class, officially entering the digital asset space

MarsBitNews · 2026-03-04T03:24:53+00:00

Northern Trust announces the launch of a tokenized share class, marking its entry into the digital asset market. The product is based on blockchain technology and provides digital custody registration for the NIF Treasury Instruments Portfolio, which invests in U.S. short-term government bonds. Initially, it is available to clients of the LiquidityDirect platform.

MarsBitNews

2026-03-04 03:24:53

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Mars Finance News: The traditional finance giant Northern Trust, managing $1.4 trillion in assets, announced the launch of a tokenized share class (Tokenized Money Market Share Class) for its NIF Treasury Instruments Portfolio, which invests in diversified U.S. short-term government debt instruments. This marks its official entry into the digital asset market. The tokenized share class is a blockchain “mirror record” of institutional shares, digitizing holdings registration through blockchain technology. In the initial phase, it will be available to investment clients on LiquidityDirect, a platform under Bank of New York Mellon. Tokenized money market share classes typically refer to a share class in a tokenized money market fund, created for specific investor groups or trading methods, issued and managed as tokens on the blockchain.

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