Federated Hermes plans to launch its first on-chain fund shares early 2027 next year
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Federated Hermes plans to launch its first on-chain fund shares early next year and, in partnership with Prometheum, connect them to traditional distribution channels.
Article
Asset management giant Federated Hermes enters asset tokenization, to launch on-chain fund shares next year
PANews October 13 reported, citing CoinDesk, that the asset management company, with assets under management of 911000000000 USD, plans to launch its first on-chain fund shares early next year, further participating in Wall Street's push to bring traditional assets on-chain. Federated Hermes has partnered with digital securities infrastructure company Prometheum to introduce blockchain-based fund shares into traditional brokerage accounts and financial adviser channels. The company has not disclosed the specific type of tokenized fund or the blockchain network to be used, but Kevin Barr, head of digital asset products and platforms at the company, said that money market funds could become among the first tokenized products. This move places Federated Hermes alongside BlackRock, Franklin Templeton, JPMor...
Key points
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PANews, citing CoinDesk, reported that Federated Hermes plans to launch its first on-chain fund shares early next year.
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The report described Federated Hermes as an asset management company with assets under management of 911000000000 USD.
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Federated Hermes has partnered with digital securities infrastructure company Prometheum.
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The partnership plans to introduce blockchain-based fund shares into traditional brokerage accounts and financial adviser channels.
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Federated Hermes has not disclosed the specific type of tokenized fund or the blockchain network to be used.
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Kevin Barr, head of digital asset products and platforms at Federated Hermes, said that money market funds could become among the first tokenized products.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
On-chain fund shares are fund shares recorded or transferred through a blockchain system. The report describes a plan that has not yet been implemented: Federated Hermes is preparing to partner with Prometheum to bring these shares into traditional brokerage accounts and financial adviser channels.
Why it matters to readers
If implemented, the plan could allow investors to access blockchain-based fund shares through existing traditional financial channels; however, the specific product and network to be used have not yet been disclosed.
Beginners should understand this as a plan to adopt blockchain infrastructure for traditional fund shares, rather than as newly issued tokens that already exist, and it does not mean the relevant products are already available for purchase.
Risks and unknowns
The original source cannot confirm whether the plan will actually launch according to the “early next year” schedule.
The specific type of tokenized fund has not been disclosed.
The blockchain network to be used has not been disclosed.
Kevin Barr only said that money market funds “could” become among the first products; this was not a final confirmation.
The original source is truncated at “JPMor...”; the relevant comparison or list is incomplete.
The evidence does not state the arrangements for regulatory approval, issuance, custody, clearing, or settlement.
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on-chain fund shares
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