Northern Trust Asset Management has launched a tokenized share class for its NIF Treasury Instruments Portfolio.
Marking the firm’s entry into the digital assets market, the tokenized share class represents a digital mirror record of the fund’s institutional share class using blockchain technology. This offering will initially be available to clients on BNY’s market-leading LiquidityDirect platform.
“This launch reflects Northern Trust Asset Management’s commitment to delivering secure, efficient and innovative liquidity solutions for institutional investors,” said Paula Kar, chief product officer, Northern Trust Asset Management. “Tokenization delivers meaningful advantages, including improved settlement efficiency and enhanced visibility. Money market funds are on the leading edge of digital innovation, and we are excited to advance our product suite in this evolving space.”
“As the investment landscape rapidly evolves with the use of blockch
