ChainCatcher report, according to CoinDesk, asset manager Federated Hermes, which oversees $911 billion in assets, plans to launch its first on-chain fund shares in early next year, further joining Wall Street’s movement to tokenize traditional assets.
Federated Hermes has partnered with digital securities infrastructure company Prometheum to bring blockchain-based fund shares into traditional brokerage accounts and financial advisor channels. The company has not yet disclosed the specific types of tokenized funds or the blockchain network being used, but Kevin Barr, head of digital assets products and platforms, indicated that money market funds could be the first tokenized offerings.
Federated Hermes to Launch On-Chain Fund Shares in 2027
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Summary
Federated Hermes, a $911 billion asset manager, is set to launch on-chain news with its first on-chain fund shares in early 2027. The firm has partnered with Prometheum to bring tokenized fund offerings to traditional brokerage accounts and financial advisor channels. While the specific fund types and blockchain network remain undisclosed, Kevin Barr hinted that money market funds could be the first to be tokenized.
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