Federated Hermes plans to issue its first tokenized fund shares in early 2027 and distribute them through traditional brokerage accounts with Prometheum, according to CoinDesk’s report. Prometheum says its ProFinancial platform will support distribution, while Prometheum Capital will custody, clear, and settle the products; broker-dealers that clear through it could offer them to clients without building their own crypto infrastructure (Prometheum’s announcement). The specific fund or share class has not been named in the available reports.