Northern Trust launches tokenized money market share class, officially entering the digital asset market

ChainCatcher news: Traditional finance giant Northern Trust announced the launch of a tokenized share class (Tokenized Money Market Share Class) for its NIF Treasury Instruments Portfolio, a short-term U.S. government bond fund. This marks its official entry into the digital asset market. The tokenized share class serves as a blockchain “mirror record” of institutional shares, digitizing holdings through blockchain technology. Initially, it will be available to investment clients on LiquidityDirect, a platform under Bank of New York Mellon in New York.

A tokenized money market share class typically refers to a share class in a tokenized money market fund, designed for specific investor groups or trading methods, issued and managed as tokens on the blockchain.

View Original
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

Bank of America Survey: Institutional Investors' Emerging Market Stock Holdings Hit Highest Level Since February 2021

Market analyst Jared Blikre points out that Bank of America's global fund manager survey shows that large institutional investors have increased their positions in emerging market equities and commodities, while reducing their US dollar holdings. Powell's remarks have a significant impact on market trends. If the US Dollar Index breaks through 100, it will increase investment pressure; conversely, it would be conducive to emerging market development.

GateNews1h ago

Citi Downgrades Certain Crypto Trading Platform to Sell, Target Price Cut from $13 to $5.5

Gate News reported that on March 18 and March 19, Citibank downgraded a certain crypto trading platform's rating from neutral to sell, lowering the target price from $13 to $5.5, stating that the platform will need several more years to achieve profitability. Additionally, Citibank announced on the same day that it lowered BTC's target price for the next 1 year to $112,000, and ETH's target price to $3,175.

GateNews2h ago

XRP Supply Shift: Whales Add 200 Million Tokens as Price Eyes $1.50 - U.Today

XRP has seen a significant increase in whale activity, with 200 million XRP bought recently, while network activity and wallet numbers reach new highs. A "golden cross" signals potential price rises, as the SEC clarifies crypto asset regulations.

UToday3h ago

US Vice President Vance: Will announce several measures on oil prices within 24 to 48 hours

Gate News reported that on March 18, U.S. Vice President Vance will meet with oil company executives on March 19 amid soaring oil prices and will also meet with members of the American Petroleum Institute (API) board. When discussing oil prices, Vance stated that several measures will be announced within the next 24 to 48 hours.

GateNews3h ago

US Bitcoin Spot ETF Attracts Inflows for Seven Consecutive Days, Institutional Funds Return

US cryptocurrency spot ETF fund flows have shown a notable warming trend recently. On the eve of the Federal Reserve's interest rate decision, investors' willingness to allocate to digital assets has rebounded, driving consecutive daily net inflows into Bitcoin and Ethereum spot ETFs. On the 17th, the US Bitcoin spot ETF recorded approximately $199.4 million in net inflows for a single day, marking the seventh consecutive trading day of capital inflows and creating the longest consecutive inflow record in nearly five months. On the same day, the Ethereum spot ETF also recorded approximately $138.2 million in net inflows, continuing positive flows for the sixth day. From a single product perspective, Bitcoin spot ETF capital inflows remain concentrated among large issuers. According to Farside Investors data, on the 17th, BlackRock's IBIT attracted $169.3 million in net inflows for the day, while Fidelity's

区块客3h ago

Today, the U.S. Bitcoin ETF saw a net inflow of 2,492 BTC, and the Ethereum ETF experienced a net inflow of 13,478 ETH.

Gate News reports that on March 18, according to Lookonchain monitoring, as of press time, the US Bitcoin ETF saw net inflows of 2,492 BTC (valued at $179.33 million), Ethereum ETF saw net inflows of 13,478 ETH (valued at $29.99 million), and SOL ETF saw net inflows of 189,025 SOL (valued at $17.01 million).

GateNews5h ago
Comment
0/400
No comments