Wall Street · JPMorgan · New York · CoinDesk
Federated Hermes joins Wall Street's tokenization push with gears up for first onchain fund shares
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Federated Hermes (FHI), the Pittsburgh-based investment manager overseeing $911 billion in assets, plans to issue its first tokenized fund shares early next year, joining Wall Street's growing push to bring traditional investments onto blockchain rails.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Citi has projected that the tokenized securities market could balloon to $5.5 trillion by 2030
- Federated Hermes (FHI), the Pittsburgh-based investment manager overseeing $911 billion in assets, plans to issue its first tokenized fund shares early next year, joining Wall Street's growing push
- The firm has worked with platforms including London-based Archax, Goldman Sachs (GS) and Singapore-based Conduit Digital to create tokenized representations of its existing investment products
Summary
Investment manager Federated Hermes plans to issue its first tokenized fund share classes in early 2027, building on earlier efforts to bring its investment products onchain. The firm aims to issue tokenized fund shares itself, moving beyond past arrangements where third parties tokenized its existing products, Kevin Barr, director of digital asset products and platform told CoinDesk. Prometheum will provide regulated brokerage, custody and clearing services to help bring the products to financial advisers and their clients. The asset manager has partnered with plans to make the upcoming products available through traditional brokerages and financial advisers alongside New York-based digital securities infrastructure provider Prometheum, the companies told CoinDesk Tuesday.