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

TradFi giant Northern Trust has announced the launch of a Tokenized Money Market Share Class for its NIF Treasury Instruments Portfolio, marking its official entry into the digital asset market. This tokenized share serves as a blockchain "mirror record" of institutional-grade shares, enabling digital registration of holdings through blockchain technology. In the initial phase, it will be open to investment clients on the LiquidityDirect platform under New York Bank.

The Tokenized Money Market Share Class typically refers to a share class established within a tokenized money market fund for specific groups of investors or trading methods, issued and managed in token form on the blockchain.