Northern Trust offers first tokenised share class
Find out more about Northern Trust Asset Management's launch of a tokenised share class for its NIF Treasury Instruments Portfolio.
Northern Trust Asset Management has launched a tokenised share class for its NIF Treasury Instruments Portfolio.
This share class marks the firm’s official entry into the digital assets market. It represents a digital mirror record of the fund’s institutional share class using blockchain technology.
It is currently only available to clients on BNY’s LiquidityDirect SM platform, which uses the Goldman Sachs Digital Asset Platform (GS DAP®).
“This launch reflects Northern Trust Asset Management’s commitment to delivering secure, efficient, and innovative liquidity solutions for institutional investors,” said Paula Kar, chief product officer, Northern Trust Asset Management. “Tokenisation delivers meaningful advantages, including improved settlement efficiency and enhanced visibility. Money market funds are on the leading edge of digital innovation, and we are excited to advance our product suite in this evolving space.”
Michael Hunstad, Ph.D., president, Northern Trust Asset Management, added: “By applying tokenisation to institutional grade liquidity strategies, we are offering clients a modern, digital-first way to access money market investments while maintaining our high standards of governance, risk management and service.”
The NIF Treasury Instruments Portfolio provides investors with exposure to a diversified pool of short‑term US Treasury instruments. The new share class offers an added option of a blockchain‑enabled access model designed to support operational resilience and evolving digital market infrastructure.
In June, the firm outlined its future-proofing strategy, including accelerating the digitalisation of assets and the tokenisation of assets.