Federated Hermes joins Wall Street's tokenization push with plans for first onchain fund shares

Crypto Insight Summary: The $911 billion Pittsburgh-based asset manager is teaming up with Prometheum to bring blockchain-based share classes of its funds to traditional brokerage accounts. Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional adoption of tokenization boosts ETH demand and blockchain infrastructure.