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TradFi giant Northern Trust launches tokenized money market share class, officially entering the digital asset market
According to a report by Businesswire, TradFi giant Northern Trust 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 class serves as a blockchain "mirror record" of institutional-grade shares, digitizing the registration of holdings through blockchain technology. In the initial phase, it will be opened to investment clients on the LiquidityDirect platform under New York Bank in the United States.
The tokenized money market share class typically refers to a type of share class established for specific investor groups or trading methods within tokenized money market funds, issued and managed in token form on the blockchain.
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