Key Takeaways
- • Federated Hermes and Prometheum plan to launch their first on-chain product, a tokenized fund, in early 2027.
- • The product is intended to reach mainstream brokerage accounts, according to The Business Journals.
- • Federated Hermes, a Pittsburgh-based investment manager, has been reported to hold $911.6 billion in assets.
- • Money market funds are described as a likely starting point for Federated Hermes' tokenized fund share classes.
Summary
Pittsburgh-based investment manager Federated Hermes and Prometheum plan to launch their first on-chain product in early 2027, according to The Business Journals. The initiative is aimed at bringing tokenized fund exposure to mainstream brokerage accounts.
Publisher coverage indicates that Federated Hermes plans to issue its first tokenized fund share classes in early 2027. Money market funds are described as a likely starting point for the initial offering. The firm is reported to have $911.6 billion in assets under management, which places it among the larger U.S. asset managers.
The collaboration extends the firm's broader engagement with tokenization, a development that coverage frames as part of a wider move by traditional asset managers toward blockchain-based fund structures. Further details on fund terms, custody arrangements, and distribution partners were not specified in the available reporting.
Publisher coverage indicates that Federated Hermes plans to issue its first tokenized fund share classes in early 2027. Money market funds are described as a likely starting point for the initial offering. The firm is reported to have $911.6 billion in assets under management, which places it among the larger U.S. asset managers.
The collaboration extends the firm's broader engagement with tokenization, a development that coverage frames as part of a wider move by traditional asset managers toward blockchain-based fund structures. Further details on fund terms, custody arrangements, and distribution partners were not specified in the available reporting.
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