Northern Trust Launches Tokenized Treasury Money Market Fund Share Class

Northern Trust Asset Management has entered the digital assets market by launching a tokenized share class for its NIF Treasury Instruments Portfolio. This structure utilizes distributed ledger technology to maintain a digital record of share ownership, while the underlying assets remain short-term US Treasurys; the fund itself does not use blockchain or invest in crypto assets. Initially, these shares will be offered via BNY’s LiquidityDirect platform, which runs on Goldman Sachs’s Digital Asset Platform. Tokenized money market funds represent traditional portfolios on the blockchain to improve settlement and transfers, with nearly $11 billion in US Treasury debt currently tokenized across public blockchains. Major players like BlackRock and Franklin Templeton already dominate this segment, and Northern Trust's move signifies further adoption of this technology in traditional finance.

(Source：Cointelegraph)