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Federated Hermes Partners With Prometheum to Launch Tokenized Funds

NeutralLow impact
FHI$56.03 −0.87%

Federated Hermes, Inc. (FHI) has partnered with Prometheum to issue and distribute tokenized securities funds, focusing on products such as money market funds. The digital asset offerings will be distributed through SEC-registered, FINRA-member broker-dealers, with the initial product expected to launch in the first quarter of 2027.

Under the agreement, Prometheum Capital will manage custody and clearing services within regulated infrastructure. Distribution will occur via ProFinancial, expanding reach to registered investment advisors and broker-dealers seeking on-chain liquidity solutions.

Market participants will be watching for concrete product rollouts, advisor adoption, and asset inflows leading up to the 2027 launch. Shares of Federated Hermes, Inc. Class B (NYSE:FHI) were down 0.87% at $56.03 following the update.

Key points

  • Federated Hermes, Inc. partnered with Prometheum to issue and distribute tokenized securities funds.
  • The initial tokenized fund product is scheduled to launch in the first quarter of 2027.
  • Prometheum Capital will handle custody and clearing, while ProFinancial handles distribution.
  • The products will be distributed through SEC-registered and FINRA-member broker-dealers.

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Questions and answers

What is the partnership between Federated Hermes and Prometheum?

Federated Hermes and Prometheum have partnered to issue and distribute tokenized securities funds through SEC-registered and FINRA-member broker-dealers.

When will Federated Hermes launch its first tokenized fund?

The first tokenized fund product from the partnership is expected to launch in the first quarter of 2027.

Who will handle custody and distribution for the tokenized funds?

Prometheum Capital will handle custody and clearing, while distribution will be conducted through ProFinancial to reach broker-dealers and registered investment advisors.