Key Takeaways
- • Federated Hermes, which manages $911 billion, plans to issue its first fund shares as blockchain tokens, with the first products likely money market funds and a launch window of January to March 2027, according to CoinDesk and Crypto Briefing.
- • US Ether funds lost $85.4 million on October 12, 2026, marking a 10th consecutive day of outflows, per The Crypto Times; about $782.8 million has left since September 29.
- • Ethereum traded at $2,408 on CoinMarketCap, roughly 49% below its $4,953.73 record set August 24, 2025.
- • Ripple said on October 13 that Privy, owned by Stripe, will bring built-in wallets to the XRP Ledger, per The Block; XRP traded at $1.32, about 65% below its $3.84 January 2018 record.
- • This article is a paid press release promoting the presale of Pepeto, a meme coin, with projections of 100x that the release itself describes as unguaranteed; the claims about Pepeto's staking yield and listing are not independently verified.
Summary
Federated Hermes, which manages $911 billion in assets, plans to sell some of its fund shares as tokens on a blockchain, CoinDesk reported on October 13, 2026. The first products will likely be money market funds, and Crypto Briefing said the first product should arrive between January and March 2027. CoinDesk also cited a Citi forecast of $5.5 trillion in tokenized assets by 2030.
The article contrasts this institutional development with weakness in major crypto assets. Ethereum traded at $2,408 on CoinMarketCap, about 49% below its all-time high of $4,953.73 from August 24, 2025. US Ether spot funds lost $85.4 million on October 12, their 10th straight day of net outflows, per The Crypto Times, with roughly $782.8 million having left since September 29.
In XRP-related news, Ripple said on October 13 that Privy, a wallet infrastructure firm owned by Stripe, will bring built-in wallets to the XRP Ledger, according to The Block, allowing app developers to provision XRP wallets for users. XRP traded at $1.32 on CoinMarketCap, roughly 65% below its $3.84 record from January 2018.
The source is a promotional press release distributed via openPR that focuses heavily on Pepeto, a presale meme coin. It claims staking at a 160% APY paid from a reward pool, a presale price of $0.0000001901, more than $11.2 million raised, and analyst projections of 100x upon listing. These figures are company claims and are not independently verified; the release itself states the rate changes daily and carries no promise. The release also carries a disclaimer and is not investment advice. Readers should treat the Pepeto material as promotional rather than editorial reporting.
The article contrasts this institutional development with weakness in major crypto assets. Ethereum traded at $2,408 on CoinMarketCap, about 49% below its all-time high of $4,953.73 from August 24, 2025. US Ether spot funds lost $85.4 million on October 12, their 10th straight day of net outflows, per The Crypto Times, with roughly $782.8 million having left since September 29.
In XRP-related news, Ripple said on October 13 that Privy, a wallet infrastructure firm owned by Stripe, will bring built-in wallets to the XRP Ledger, according to The Block, allowing app developers to provision XRP wallets for users. XRP traded at $1.32 on CoinMarketCap, roughly 65% below its $3.84 record from January 2018.
The source is a promotional press release distributed via openPR that focuses heavily on Pepeto, a presale meme coin. It claims staking at a 160% APY paid from a reward pool, a presale price of $0.0000001901, more than $11.2 million raised, and analyst projections of 100x upon listing. These figures are company claims and are not independently verified; the release itself states the rate changes daily and carries no promise. The release also carries a disclaimer and is not investment advice. Readers should treat the Pepeto material as promotional rather than editorial reporting.
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