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

ChainCatcher news, TradFi giant Northern Trust announced the launch of a tokenized share class (Tokenized Money Market Share Class) for its NIF Treasury Instruments Portfolio, a US short-term treasury tool, marking its official entry into the digital asset market. This 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 LiquidityDirect, a platform under Bank of New York Mellon.

The 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.