Federated Hermes partners with Conduit Digital Holdings for APAC tokenized money market fund
Federated Hermes has entered into a strategic alliance with Singapore-based Conduit Digital Holdings to launch a regulated, tokenized distribution structure in the Asia-Pacific region. The initiative involves a Conduit-managed investment fund that will invest in Federated Hermes' Short-Term U.S. Prime Fund and tokenize its shares for institutional and wholesale investors. This move builds on over 50 years of money market innovation by Federated Hermes, which manages $676.9 billion in assets under management as of June 30, 2026. The alliance is part of a broader strategy to expand digital asset offerings following recent partnerships with Archax and industry-wide tokenization initiatives. The collaboration supports the firm's long-term growth plans for APAC, including its upcoming Hong Kong office opening. Federated Hermes aims to enhance client access through innovative cash management solutions while maintaining stability and liquidity associated with money market funds.
Tickers: $FHI
Topics: APAC Expansion Digital Assets Money Market Funds Tokenization