“Federated Hermes, $911B Asset Manager, Taps Prometheum for Onchain Fund Shares” — what this page in the network covers. Pittsburgh-based Federated Hermes, which manages $911 billion in assets, is joining the tokenization wave on Wall Street by partnering with blockchain firm Prometheum. The move will create blockchain-based share classes for some of its funds, allowing investors to access them through traditional brokerage accounts. This development marks a significant step in bridging conventional finance with digital asset infrastructure, as a major asset manager embraces onchain technology for mainstream investment products.
By leveraging Prometheum's regulated platform, Federated Hermes aims to offer tokenized fund shares without requiring investors to use crypto-native wallets or exchanges, potentially broadening access and efficiency. Tokenization—representing real-world assets like fund shares on a blockchain—has gained traction among financial giants seeking faster settlement, lower costs, and new distribution channels. For the complete material, the listing points back to the source inside the network.