Northern Trust AM Enters Digital Space with Tokenised Fund
Posted by Colin Lambert. Last updated: March 4, 2026
Northern Trust is the latest bank to embrace digital assets technology, with the announcement of a tokenised money market share class.
Launched as part of its for its NIF Treasury Instruments Portfolio, the tokenised share class represents a digital mirror record of the fund’s institutional share class using blockchain technology. This offering will initially be available to clients on BNY’s LiquidityDirect platform, which utilises the Goldman Sachs Digital Asset Platform.
The NIF Treasury Instruments Portfolio provides investors with exposure to a diversified pool of short‑term US Treasury instruments, now with the added option of a blockchain‑enabled access model designed to support operational resilience and evolving digital market infrastructure.
“Tokenisation delivers meaningful advantages, including improved settlement efficiency and enhanced visibility,” says Paula Kar, chief product officer, Northern Trust Asset Management. “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, 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.”
