At a glance
- The plan is an outline rather than a product: Federated Hermes has not named the funds it would tokenize or the blockchains the shares would run on.
- The tokenized real-world asset market was about $65 billion as of July 31, according to the IMF.
- Federated Hermes runs $911 billion, so even a tokenized share class over a fraction of its money market lineup would enter a market that remains small next to one manager's existing assets.
Federated Hermes, the $911 billion asset manager, is planning its first tokenized fund shares through Prometheum, with money market funds as a likely starting point, the manager says.
The plan is an outline rather than a product: Federated Hermes has not named the funds it would tokenize or the blockchains the shares would run on.
The tokenized real-world asset market was about $65 billion as of July 31, according to the IMF. Federated Hermes runs $911 billion, so even a tokenized share class over a fraction of its money market lineup would enter a market that remains small next to one manager's existing assets.
Reported by the Crypto ETFs & funds desk from Digital Capital Daily prior coverage: Federated Hermes plans its first tokenized fund shares with Prometheum, Digital Capital Daily prior coverage: BNY and Citadel Securities Complete Tokenized Treasury Collateral Transaction and IMF report, via Digital Capital Daily prior coverage. Published . Corrections