Odaily Planet Daily reports that Northern Trust, a $1.4 trillion asset management giant in traditional finance, has announced the launch of a tokenized share class (Tokenized Money Market Share Class) for its NIF Treasury Instruments Portfolio, which invests in diversified U.S. short-term government debt instruments. This marks its official entry into the digital asset market. The tokenized shares serve as a blockchain “mirror record” for institutional-level shares, digitizing holdings through blockchain technology. Initially, they will be available to investment clients on LiquidityDirect, a platform under Bank of New York Mellon in New York. (Businesswire)
(Note: Tokenized money market share class generally refers to a share class in a tokenized money market fund designated for specific investor groups or trading methods, issued and managed as tokens on the blockchain.)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Renaiss releases BETA 2.0 roadmap, launches AI sub-brand Auranaiss Intelligence, and kicks off the Hackathon
Renaiss Protocol released the BETA 2.0 roadmap on March 7th, announcing a comprehensive upgrade, the launch of the AI Laboratory Auranaiss Intelligence, and open-source capability modules. A Hackathon will be held in April to attract developers. The first ecosystem project, What's Your References, has begun testing, and a co-branded card pack has been launched in collaboration with Collector Crypt. Currently, it has accumulated 220,000 users and $4 million in trading volume.
GateNews1m ago
Shiba Inu Community Update: New ShibClaw Skill Launches With Warning Issued - U.Today
The ShibClaw skill aims to enhance the Shiba Inu ecosystem by introducing AI agents that automate tasks on the Shibarium blockchain. It emphasizes community collaboration and includes important tools for network interactions, while urging users to remain cautious against scams.
UToday1h ago
BNB Beacon Chain Token Recovery Tool Enters Sunset Phase: What BEP2 Holders Need to Know
The BNB Beacon Chain token recovery tool is now in Phase 1 of its sunset, and 7-day processing will only be available until April 30.
Only mirrored BEP2 tokens are recoverable; holders of unmirrored assets risk permanently losing them.
BNB Chain has begun a phased shutdown of the BNB Beacon
CryptoNewsFlash1h ago
Spark lending platform launches SPK token buyback program, has repurchased 1.84 million tokens
According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.
GateNews2h ago
Hedera Powers 19 Live Transactions at Reserve Bank of Australia
The Reserve Bank of Australia’s Project Acacia successfully tested blockchain through 19 real transactions using Hedera technology. This initiative explores various tokenization use cases, signaling a potential shift in modernizing financial markets and enhancing efficiency.
Coinfomania2h ago
