Northern Trust launches tokenized money market share class, officially entering the digital asset sector
Odaily reported that Northern Trust, a TradFi giant managing $1.4 trillions in assets, has announced the launch of a Tokenized Money Market Share Class for its NIF Treasury Instruments Portfolio, which invests in diversified US short-term treasury instruments. This marks its official entry into the digital asset market. The tokenized share class is a blockchain "mirror record" of institutional-level shares, enabling digital registration of holdings through blockchain technology. In the initial phase, it will be open to investment clients of the LiquidityDirect platform under Bank of New York Mellon.
(Note: Tokenized Money Market Share Class usually refers to a share class established in tokenized money market funds for specific investor groups or trading methods, issued and managed in token form on the blockchain.)
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