Federated Hermes taps Prometheum for tokenized fund debut in Q1 2027
Federated Hermes, which manages $911.6 billion in assets, has partnered with Prometheum to develop tokenized funds for U.S. brokerage distribution, with the first product expected in Q1 2027. SummaryQ1 2027 is the expected launch window for the partnerships first tokenized fund product.ProFinancial will support distribution, while Prometheum Capital will provide custody, clearing and settlement services.Introducing broker-dealers will access the funds through Prometheum Capitals correspondent clearing platform.Federated Hermes reported $911.6 billion in assets under management as of June 30, 2026. Prometheum and Federated Hermes said in their Oct. 13 announcement that the planned collaboration will bring blockchain-based investment products to broker-dealers and registered representatives serving American investors. Under the arrangement, Federated Hermes will supply investment management expertise, while Prometheums SEC-registered, FINRA-member broker-dealer subsidiaries will provide the securities infrastructure. For U.S. customers, the companies described a distribution model built around brokerage accounts and adviser relationships already used for investing. Their stated plan is to extend access beyond platforms primarily serving crypto investors, using financial intermediaries to offer and service the products. You might also like: Nasdaq CEO says tokenization could unlock billions Federated Hermes tokenized funds will use separate distribution and custody services Within Prometheum‘s network, ProFinancial will support distribution of the tokenized products, according to the announcement. Prometheum Capital









