Federated Hermes allies with Conduit Digital to launch tokenized money market fund distribution in APAC
FHI•Federated Hermes and Conduit Digital launch tokenized money market distribution structure
Federated Hermes formed a strategic alliance with Singapore-based Conduit Digital Holdings to launch a regulated tokenized money market distribution structure in APAC.
A Conduit-managed fund will invest in the Federated Hermes Short-Term U.S. Prime Fund, then tokenize its own shares for institutional clients.
The offering targets institutional and wholesale investors across APAC, using Conduit’s MAS-regulated tokenization and regional distribution capabilities.
The move extends Federated Hermes’ digital assets push, following earlier tokenized access work with Archax and other regulated tokenization initiatives.
Federated Hermes reported USD 676.9 billion in money market assets under management as of June 30, 2026.
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