Federated Hermes plans its first onchain fund shares

What happened

The $911 billion Pittsburgh-based asset manager is teaming up with Prometheum to bring blockchain-based share classes of its funds to traditional brokerage accounts. These are the record keepers that track who owns which fund shares, and their models need to adapt before shares can fully migrate onchain.

Federated Hermes' onchain fund shares could revolutionize asset management, streamlining operations and expanding digital investment opportunities. The post Federated Hermes plans its first onchain fund shares appeared first on Crypto Briefing .

13, 2026 Federated Hermes, one of the largest money market managers in the business, plans to issue its first fund shares that live directly onchain. For a firm with approximately $912 billion in total assets under management, that is a meaningful move.

Fully onchain share classes depend on how digital transfer agency models evolve, so this is a roadmap, not a launch date carved in stone. What Federated Hermes is building The core of the strategy is money market funds.

As of June 30, 2026, Federated Hermes managed $676.9 billion in money market assets. An onchain share class would mean the share itself is recorded and transferred on a blockchain, rather than sitting in a traditional ledger with a digital twin floating alongside it.

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