Northern Trust Asset Management launches tokenised money market share class

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The tokenised share class for its NIF Treasury Instruments Portfolio represents a digital mirror record of the fund’s institutional share class using blockchain technology. The offering will initially be available to clients on BNY’s LiquidityDirect platform.

Paula Kar, chief product officer, Northern Trust Asset Management, says: “Tokenisation delivers meaningful advantages, including improved settlement efficiency and enhanced visibility.”

Michael Hunstad, president, Northern Trust Asset Management, adds: “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.”

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