Institutions · NEWS
Federated Hermes and Prometheum Plan Tokenized Fund Distribution
The partners target a first product in Q1 2027, with distribution and servicing assigned to separate Prometheum subsidiaries.
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Federated Hermes and Prometheum announced a partnership on October 13 to bring tokenized fund products through the latter’s brokerage infrastructure. Their first product is expected in the first quarter of 2027; the announcement does not describe an already available fund.
ProFinancial is assigned distribution responsibilities. Prometheum Capital is expected to handle custody, clearing and settlement for customers and provide access for introducing broker-dealers through its correspondent platform.
The companies describe an approach intended to reach investors through existing brokerage accounts and adviser relationships. The proposed launch date remains forward-looking rather than a confirmed start of trading.
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Key takeaways
- //First product targeted for Q1 2027.
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