Federated Hermes has partnered with Prometheum to distribute tokenized funds through the brokerage accounts and adviser relationships used by U.S. investors, with the companies expecting a first product in the first quarter of 2027. The $911.6 billion asset manager aims ultimately to issue tokenized funds itself, using Prometheum's securities-market infrastructure to bridge traditional financial markets and digital assets. Prometheum's SEC-registered, FINRA-member broker-dealer subsidiaries will support the products: ProFinancial will handle distribution, while Prometheum Capital will provide custody, clearing and settlement and make the offerings available to introducing brokers through its correspondent clearing platform. Federated Hermes has not identified the first fund, its underlying investments or the blockchain network involved.