Prometheum and Federated Hermes Announce Strategic Partnership to Issue Tokenized Securities Funds
Business Wire•13/10/2026•08:00 ET
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Key Highlights
- ➤Federated Hermes and Prometheum announce strategic partnership for tokenized securities funds
- ➤First tokenized fund product expected to launch in Q1 2027
- ➤Prometheum will provide SEC-registered broker-dealer infrastructure, custody, clearing, and settlement
- ➤Federated Hermes will expand tokenized investment solutions through regulated intermediaries
- ➤Federated Hermes reports $911.6 billion in assets under management as of June 30, 2026
Expert Statements
Aaron Kaplan, Founder and co-CEO of Prometheum Inc.
“We view this partnership as a blueprint for how the securities industry can issue and distribute digital securities”
Aaron Kaplan, Founder and co-CEO of Prometheum Inc.
“Until now, tokenized funds have primarily been issued on platforms that sit outside the mainstream brokerage system where most Americans invest. By pairing an asset manager of Federated Hermes' caliber with Prometheum’s SEC-registered broker-dealers for offering, custody and clearing services provided to our customers, we are looking to create the path the industry can follow.”
Kevin Barr, Director of Digital Assets, Federated Hermes
“Tokenized funds are the logical next step for our broker-dealer and RIA clients, who increasingly see demand for on-chain access to traditional investments”
Kevin Barr, Director of Digital Assets, Federated Hermes
“Working with Prometheum on this effort allows Federated Hermes to continue its history of fiduciary focus by distributing products through regulated and established intermediaries, with the same level of operational and investment rigor used across its fund lineup.”
Prometheum and Federated Hermes Announce Strategic Partnership to Issue Tokenized Securities Funds
Collaboration to extend digital securities investment products beyond crypto-native platforms to broker-dealers and registered representatives serving U.S. investors
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