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#Federated Hermes

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$900B Asset Manager Federated Hermes Leverages Crypto Infrastructure to Bring Tokenized Funds to Brokerages
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$900B Asset Manager Federated Hermes Leverages Crypto Infrastructure to Bring Tokenized Funds to Brokerages

Key Highlights: Federated Hermes has partnered with digital asset firm Prometheum to distribute tokenized investment products across traditional brokerage networks. Prometheum subsidiaries ProFinancial and Prometheum Capital will facilitate distribution, custody, clearing, and settlement for introducing brokers and clients. The initiative seeks to integrate blockchain-based funds, including money market vehicles, directly into standard brokerage accounts and ...

Federated Hermes Joins Wall Street Tokenization Push With Plans for First Onchain Fund Shares
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Federated Hermes Joins Wall Street Tokenization Push With Plans for First Onchain Fund Shares

Key Highlights Federated Hermes is shifting to directly issue tokenized fund share classes in-house, moving beyond earlier third-party partnerships. The asset manager plans to target its substantial liquidity-management division first, utilizing money market funds as the initial proving ground. Wall Street’s broader tokenization push includes giants such as BlackRock, Franklin Templeton, JPMorgan, and New York ...