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 ...