TechFlow News, March 2: According to a Businesswire report, traditional finance (TradFi) giant Northern Trust announced the launch of a tokenized money market share class for its U.S. Treasury instruments fund—the NIF Treasury Instruments Portfolio—marking its official entry into the digital asset market. This tokenized share class serves as a blockchain-based “mirror record” of institutional shares, digitizing share registration via blockchain technology. Initially, it will be made available to investment clients on LiquidityDirect, a platform operated by The Bank of New York Mellon.
(Note: A tokenized money market share class typically refers to a share class established within a tokenized money market fund for a specific investor group or trading method, issued and managed as tokens on a blockchain.)
