Northern Trust Asset Management is entering the digital assets market by launching a tokenized share class for its NIF Treasury Instruments Portfolio, which provides exposure to U.S. Treasury investments, the firm announced Monday.
The tokenized share class represents a digital mirror of the fund’s institutional share class using blockchain technology, according to an NTAM statement. As of February 27, the fund had more than $10 billion in total assets.
“Tokenization delivers meaningful advantages, including improved settlement efficiency and enhanced visibility,” said Paula Kar, NTAM’s chief product officer, in a statement. “Money market funds are on the leading edge of digital innovation, and we are excited to advance our product suite in this evolving space.”
Asset managers are increasingly offering tokenized products due to their instant settlement, constant tradability and ease of use. Firms like Franklin Templeton, J.P. Morgan Asset Management, Fidelity and BlackRock are among the other asset managers testing and launching tokenized products, including money market funds.
“By applying tokenization 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,” said NTAM President Michael Hunstad in a statement.
Chris Roth, NTAM’s global co-CIO, told reporters in October 2025 that assets such as tokenized securities would continue to grow and “fit seamlessly into investors’ lives” as the regulations for these assets become clearer.
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Tags: Digital Assets, Northern Trust Asset Management, tokenization