【Onchain Funds Watch】 Bringing Tokenized Funds into Traditional Investment Channels Prometheum and Federated Hermes have announced a strategic partnership. The first tokenized fund under the partnership is expected to launch in Q1 2027. 🔥 The key here is distribution: the partnership aims to connect tokenized funds to the existing U.S. ecosystem of broker-dealers, investment advisers, and clearing infrastructure. Here’s who does what 👇 1️⃣ Federated Hermes: Investment management and fund products. It is an established active asset manager with $911.6B in total assets under management as of June 30, 2026. Under the partnership, it will contribute active management expertise, a longstanding focus on fiduciary responsibilities, and tokenized product solutions. 2️⃣ Prometheum: Distribution and operational infrastructure. It provides digital securities services through its SEC-registered, FINRA-member broker-dealer subsidiaries. ProFinancial will support product distribution. Prometheum Capital will handle custody, clearing, and settlement, while making Federated Hermes’ tokenized products available to other broker-dealers through its correspondent clearing platform. 💡 The goal is to let investors access tokenized funds through the brokerage accounts and adviser relationships they already use—rather than having to start on a crypto-native platform. That points to an important path forward for Onchain Funds: 👉 Funds adopting onchain technology do not necessarily require investors to switch platforms. Familiar investment channels can gradually connect them to new fund formats. The infrastructure can evolve without forcing investors to change their entry point. 🔗 Official announcement: