“Can a 135-year-old trust bank modernize its institutional asset servicing and custody platform — including digital assets — to remain the infrastructure backbone for global institutional investors and family offices?”
Founded in 1889 as a trust company for Chicago's affluent, Northern Trust has evolved into a global institutional-grade provider of wealth management, asset servicing, asset management, and banking. Its core institutional franchise — custody, fund administration, and investment accounting — has grown internationally, particularly in Ireland and Europe. In 2026, the firm entered the digital assets space with a tokenized money market fund share class, signaling a deliberate move to modernize its institutional product suite without departing from its core custody and asset servicing identity.