Northern Trust Launches Tokenized Treasury Money Market Share Class

Northern Trust Asset Management has launched a tokenized share class of its NIF Treasury Instruments Portfolio, creating a digital mirror of ownership while the underlying portfolio continues to invest in short-term US Treasurys. The shares will initially be offered through BNY’s LiquidityDirect platform, which operates on Goldman Sachs’ Digital Asset Platform.

The fund itself does not use blockchain technology or invest in crypto; authorized intermediaries are expected to maintain a blockchain-based mirror of ownership records for clients. The portfolio holds a diversified pool of short-term US Treasury instruments and seeks to maintain a $1.00 per-share value, though it is not FDIC-insured and may lose value.

Northern Trust Asset Management manages about $1.4 trillion in assets as of Dec. 31, including $355 billion in liquidity strategies, and the launch marks its entry into the digital assets market.

United States

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