Federated Hermes partners with Prometheum for tokenized fund shares

Federated Hermes and Prometheum formed a partnership announced on October 13, 2026. The collaboration aims to introduce tokenized fund shares into the regulated US brokerage system. Federated Hermes will supply the investment-management expertise and the tokenized products, while Prometheum handles the infrastructure, including custody and clearing. The first product is expected to reach the market in the first quarter of 2027.

The partnership seeks to place blockchain-based shares inside familiar accounts and adviser relationships used by most US households. Federated Hermes, which oversees roughly $912 billion in assets as of mid-2026, intends to issue the digital securities directly.