Federated Hermes, a $911 billion asset manager, is partnering with Prometheum to tokenize its fund shares.
Source
"Federated Hermes Enters Tokenization Push with Onchain Fund Shares" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The move allows traditional brokerage accounts to hold blockchain-based share classes of the funds.
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