Federated Hermes launches blockchain-based fund shares through Prometheum partnership

Source Summary

Federated Hermes, a $911 billion Pittsburgh-based asset manager, is partnering with Prometheum to offer blockchain-based share classes of its funds accessible through traditional brokerage accounts. The initiative represents the firm's entry into Wall Street's growing tokenization movement.

Why it matters

This move signals major institutional adoption of blockchain technology for financial assets and demonstrates how traditional asset managers are integrating tokenization into mainstream investment infrastructure.

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• CoinDesk ↗