$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 ...