Federated Hermes and Conduit Team Up on Tokenized Money Market Fund in APAC

According to BlockchainReporter, asset manager Federated Hermes, Inc. announced a strategic alliance with Singapore-based Conduit Digital Holdings on September 1, 2026. The partnership aims to support the launch of a regulated tokenized money market fund distribution structure in the Asia-Pacific region. This initiative marks Federated Hermes' first digital-assets venture in the area, utilizing its flagship U.S. Prime Fund as the anchor product for a tokenized multicurrency offering.

Under the arrangement, a Conduit-managed investment fund will invest in the Federated Hermes Short-Term U.S. Prime Fund, granting shareholders tokenized exposure to the underlying portfolio. Conduit Digital Holdings brings Monetary Authority of Singapore-regulated end-to-end tokenization infrastructure and a regional distribution network to the collaboration. Jim Roland, Federated Hermes’ Head of Business Development for Asia Pacific and Australia, stated that the tokenized products combine the firm's investment expertise with Conduit’s capabilities. Meanwhile, Conduit Co-Founder and CEO Richard Schroder noted that the alliance seeks to unlock the full utility of the tokens, focusing on collateral, multicurrency management, and AI agentic treasury systems.