Federated Hermes ($911.6B AUM) just partnered with Prometheum to launch tokenized funds through traditional brokerages.
First product drops Q1 2027.
This isn't some DeFi experiment—it's regulated infrastructure. SEC-registered, FINRA-member brokers handling custody, clearing, and settlement. Your existing brokerage account. Your existing adviser relationships.
No new platforms. No learning curve for normies.
Prometheum's ProFinancial handles distribution. Prometheum Capital does custody and makes products available to introducing brokers via correspondent clearing.
Tokenized money market funds have already proven demand. Now they're scaling that through the legacy system where most Americans actually invest.
Kaplan (Prometheum CEO): "Until now, tokenized funds lived outside mainstream brokerage. This changes that."
No details yet on which fund, which chain, or if secondary trading is live at launch. But the infrastructure play is clear.
TradFi isn't fighting crypto anymore. They're absorbing it.
Asset managers tokenizing products. Crypto platforms offering tokenized stocks. The lines are blurring fast.
This is how institutional capital enters on-chain—not through CEXs, but through the rails they already trust.
First product drops Q1 2027.
This isn't some DeFi experiment—it's regulated infrastructure. SEC-registered, FINRA-member brokers handling custody, clearing, and settlement. Your existing brokerage account. Your existing adviser relationships.
No new platforms. No learning curve for normies.
Prometheum's ProFinancial handles distribution. Prometheum Capital does custody and makes products available to introducing brokers via correspondent clearing.
Tokenized money market funds have already proven demand. Now they're scaling that through the legacy system where most Americans actually invest.
Kaplan (Prometheum CEO): "Until now, tokenized funds lived outside mainstream brokerage. This changes that."
No details yet on which fund, which chain, or if secondary trading is live at launch. But the infrastructure play is clear.
TradFi isn't fighting crypto anymore. They're absorbing it.
Asset managers tokenizing products. Crypto platforms offering tokenized stocks. The lines are blurring fast.
This is how institutional capital enters on-chain—not through CEXs, but through the rails they already trust.