Exchanges· ★★★· bullish·

Federated Hermes plans first onchain fund shares with Prometheum

  • —Federated Hermes manages $911 billion in assets
  • —Prometheum will power the onchain share classes
  • —Shares will be accessible via traditional brokerage accounts
Why it matters: A major traditional asset manager entering tokenization reinforces the trend of onchain versions of conventional funds.
Source: CoinDesk
More on this
Regulation · Sep 24
India's 'MicroStrategy' Jetking Holds First AGM Since SAT Ruling Blocked Bitcoin-Funded Shares
 Exchanges · Sep 30
Dunamu unveils plan to connect banks and brokers to onchain finance via GIWA blockchain
 Regulation · Sep 25
53 former federal prosecutors seek to block Trump's $100,000-a-month Truth Social early access plan