Federated Hermes, a $912 billion asset manager, is planning to issue its first fund shares recorded directly onchain. The firm, which manages $676.9 billion in money market assets, launched the Digital Treasury Fund under the ticker OFFXX on June 9, 2026, designed to accommodate tokenized share classes. Partnerships were established with Archax in October 2025 for tokenized access to three UCITS money market funds, and with Conduit Digital Holdings in September 2026 for tokenized distribution in the Asia-Pacific region. Full implementation depends on the evolution of digital transfer agency models and regulatory frameworks, including the GENIUS Act. This remains a roadmap rather than a firm launch date.
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