Northern Trust debuts tokenized share class for NIF Treasury Instruments Portfolio as onchain US debt nears $11B

Northern Trust Asset Management has introduced a tokenized share class for its NIF Treasury Instruments Portfolio, entering the digital assets arena with a blockchain-based ownership mirror. The fund continues to invest in short-term US Treasurys and seeks to maintain a $1.00 per-share value, while nearly $11 billion in US Treasury debt is now represented on public blockchains. The new share class will initially be available via BNY's LiquidityDirect platform, which runs on Goldman Sachs' Digital Asset Platform.