Northern Trust Asset Management, a global investment management firm overseeing US$1.4 trillion in assets as of December 31, 2025, has launched a tokenized share class for its NIF Treasury Instruments Portfolio, marking its entry into the digital assets market. This offering will initially be accessible to clients through BNY’s market-leading LiquidityDirect SM platform, which utilizes the Goldman Sachs Digital Asset Platform (GS DAP ® ).
The tokenized share class establishes a digital mirror record of the fund’s institutional share class, leveraging blockchain technology. This initiative aims to enhance the firm’s liquidity solutions for institutional investors.
Paula Kar, Chief Product Officer at Northern Trust Asset Management, stated, “This launch reflects Northern Trust Asset Management’s commitment to delivering secure, efficient, and innovative liquidity solutions for institutional investors. Tokenization delivers meaningful advantages, including improved settlement efficiency and enhanced visibility. 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, Ph. D., President of Northern Trust Asset Management, added, “As the investment landscape rapidly evolves with the use of blockchain-based solutions, Northern Trust Asset Management is committed to staying on the forefront of innovation to meet the needs of our institutional clients. 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.”
The NIF Treasury Instruments Portfolio offers investors exposure to a diversified pool of short-term U.
S. Treasury instruments. The new blockchain-enabled access model is designed to support operational resilience and evolving digital market infrastructure. Northern Trust Asset Management holds US$355 billion in assets under management in liquidity strategies as of December 31, 2025.
Investors are advised to carefully read the prospectus and summary prospectus and consider the investment objectives, risks, charges, and expenses of Northern Institutional Funds before investing. All investments are subject to investment risk, including the possible loss of principal amount invested. Investments do not typically grow at an even rate of return and may experience negative growth. Attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. The Portfolio seeks to preserve the value of your investment at $1.00 per share, but cannot guarantee this. An investment in the Portfolio is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC), any other government agency, or The Northern Trust Company, its affiliates, subsidiaries, or any other bank. The Portfolio’s sponsor is not required to reimburse the Portfolio for losses, and investors should not expect the sponsor to provide financial support to the Portfolio at any time, including during periods of market stress. While the Portfolio itself does not currently employ blockchain technology or invest in crypto assets, Digital Enabled Shares are expected to be purchased and held through intermediaries that intend to use blockchain technology to maintain a mirror record of share ownership for their customers. The authorized financial intermediary, not the Portfolio, will be responsible for ownership records on the blockchain.
Northern Trust Asset Management is a global investment manager, serving clients with $1.4 trillion in assets under management as of December 31, 2025. Northern Trust Corporation, a leading provider of wealth management, asset servicing, asset management, and banking services, was founded in Chicago in 1889. As of December 31, 2025, Northern Trust had assets under custody/administration of US$18.7 trillion and assets under management of US$1.8 trillion.
BNY is a global financial services platforms company, overseeing $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management as of December 31, 2025. Goldman Sachs is a leading global financial institution, founded in 1869 and headquartered in New York.
