Current outcome
Federated Hermes, a $911 billion asset manager, said it will issue tokenized fund shares for the first time early next year in partnership with digital securities infrastructure provider Prometheum, with money market funds possibly among the first products.
Progress timeline
2 material updates- #01
【Federated Hermes 计划明年初发行首批代币化基金份额】
New details: Federated Hermes will self-issue its first tokenized fund shares (previously issued via third-party platforms), targeting early 2027; with Prometheum, whose SEC-registered broker-dealer subsidiary will provide custody, clearing, and settlement, and distribution via traditional brokerages and financial advisors; specific fund and blockchain not yet disclosed, money market fund likely first.
State after update: Federated Hermes plans to self-issue its first tokenized fund shares in early 2027 in partnership with Prometheum, whose SEC-registered broker-dealer subsidiary will provide custody, clearing, and settlement, with distribution through traditional brokerages and financial advisors; the specific fund and blockchain have not been disclosed, and a money market fund is likely first.
Source evidence: foresightnews
- #02
Federated Hermes计划于明年年初首次发行代币化基金份额
Federated Hermes, a $911 billion asset manager, said it will issue tokenized fund shares for the first time early next year in partnership with digital securities infrastructure provider Prometheum, with money market funds possibly among the first products.
Source evidence: theblockbeats