Federated Hermes, Inc. announced a strategic alliance with Singapore-based Conduit Digital Holdings Pte Ltd, part of the Conduit Group, to support the launch of a regulated tokenized distribution...
- Federated Hermes and Conduit Digital have formed a strategic alliance to launch a regulated tokenized money market fund in Asia Pacific.
- The Conduit-managed fund will invest in Federated Hermes' Short-Term U.S. Prime Fund, with tokenized shares offered to institutional and wholesale investors.
- This initiative marks Federated Hermes' first digital asset venture in Asia Pacific, building on previous global tokenization efforts.
Topics: Asset types, Institutional adoption, Jurisdictions, Financial instruments, Asset manager initiatives, Emerging hubs
Tags: #federatedhermes #conduitdigital #tokenizedmoneymarketfund #asiapacific #institutionalinvestors #shorttermusprimefund #digitalassets #ucitsmoneymarketfunds #stablecoinreserves
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