Federated Hermes partners with Prometheum to launch tokenized funds in 2027
Image: Crypto.newsFederated Hermes, which manages $911.6 billion in assets, has teamed with crypto infrastructure provider Prometheum to develop tokenized funds for U.S. brokerage distribution. The first product is expected in the first quarter of 2027. Prometheum's SEC‑registered broker‑dealer subsidiaries will handle custody, clearing, settlement and distribution through its ProFinancial platform and correspondent clearing network.
Key points
- Federated Hermes manages $911.6 billion and partnered with Prometheum for tokenized funds
- First tokenized fund is targeted for launch in Q1 2027
- Prometheum will provide custody, clearing, settlement and distribution via its broker‑dealer subsidiaries
Why it matters
The partnership could let investors access traditional fund strategies through existing brokerage accounts, expanding crypto‑linked investment options and linking conventional finance with blockchain services.
What's unclear
The blockchain platform that will host the tokenized funds was not disclosed
It is unclear whether secondary trading will be available at launch
Sources · 2 publishers
$900 billion asset manager Federated Hermes taps crypto infrastructure to bring tokenized funds to brokerages
Crypto.news
Tier 2
Federated Hermes taps Prometheum for tokenized fund debut in Q1 2027
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
