Tokenization step from the giant that manages 910 billion dollars

Federated Hermes, a company that manages $911 billion in assets, is preparing to issue its own investment funds on the blockchain. The company will also make these funds accessible through traditional brokerage accounts.

The American asset management company aims to issue its first tokenized investment fund shares by the first quarter of 2027.

In fact, the company has previously stepped into the world of tokenized funds. The US-based company offered its tokenization service through major players such as Goldman Sachs, Archax and Conduit Digital. However, it will now do this with its own system. A partnership was established with a company called Prometheum to provide this service.

Prometheum is a company that provides financial market infrastructure for blockchain-based digital securities.

The news is initially about the tokenization of money market funds, but there is no official statement on the subject yet.