Federated Hermes Plans to Issue Tokenized Fund Shares
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On October 13, 2026, CoinDesk reported that asset manager Federated Hermes plans to independently issue its first tokenized fund shares in early 2027 and access traditional broker and financial advisor channels through services provided by Prometheum. Prometheum will provide brokerage, custody, clearing, and settlement services. Federated Hermes has not yet announced the specific funds to be tokenized or the blockchain to be used; the report said that money market funds could be the starting point for the first tokenized products. The plan is currently still in the preparation stage, and issuance details have not yet been announced.
AI-written from reports · updated 6 days ago
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- CoinDeskFederated Hermes plans to issue tokenized fund shares itself in early 2027
Asset manager Federated Hermes plans to issue its first batch of tokenized fund shares itself in early 2027, using services provided by Prometheum to access traditional broker and financial adviser channels. The company has not yet disclosed which funds will be tokenized or which blockchain will be used; money market funds may be the starting point. Prometheum will provide brokerage, custody, clearing and settlement services.
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