[Federated Hermes Plans to Launch On-Chain Fund Shares Next Year, Joining Wall Street's Asset Tokenization Wave] Odaily Planet Daily News – Asset management firm Federated Hermes, with $911 billion in assets under management, plans to launch its first on-chain fund shares early next year, further participating in Wall Street's push to tokenize traditional assets. Federated Hermes has partnered with digital securities infrastructure company Prometheum to introduce blockchain-based fund shares into traditional brokerage accounts and financial advisor channels. The company has not yet disclosed the specific types of tokenized funds or the blockchain network to be used, but Kevin Barr, head of digital asset products and platforms, stated that money market funds might be among the first tokenized products. (CoinDesk)