$900 billion asset manager Federated Hermes taps crypto infrastructure to bring tokenized funds to brokerages

This partnership could accelerate the integration of blockchain in traditional finance, potentially reshaping investment accessibility and efficiency. Federated Hermes, an investment manager with $911.6 billion in assets under management, has partnered with crypto infrastructure provider Prometheum to bring tokenized funds to brokerage clients. The first product is expected in the first quarter of 2027. The planned collaboration pairs Federated Hermes’ investment management business with Prometheum’s SEC registered, FINRA member broker subsidiaries, according to an announcement Tuesday. The firms aim to make tokenized products available through the brokerage accounts and adviser relationships investors already use. Prometheum subsidiary ProFinancial will support distribution.

Source: Crypto Briefing