Northern Trust enters tokenized Treasurys fund market with new share class

Northern Trust has officially expanded its footprint in the digital assets space by entering the tokenized U.S. Treasurys market with the launch of a new share class. This initiative is designed to allow institutional investors to access traditional Treasury-backed funds through blockchain technology, enhancing liquidity and streamlining the settlement process. By utilizing distributed ledger technology (DLT), the firm aims to provide a more efficient digital representation of ownership, reducing the operational complexities associated with traditional asset transfers. This move places Northern Trust alongside other major financial players like BlackRock and Franklin Templeton, who have also integrated tokenization into their money market offerings. The development signals a growing trend among global custodians to bridge the gap between traditional finance and decentralized infrastructure, offering high-quality collateral in a more programmable and accessible format for the digital age.

Source: Northern Trust enters tokenized Treasurys fund market with new share class