Federated Hermes, Conduit Digital Ally on Tokenized APAC Fund

04:50 PM EDT, 09/01/2026 (MT Newswires) -- Federated Hermes (FHI) said Tuesday it has formed a strategic alliance with Singapore-based Conduit Digital Holdings Pte Ltd to support a regulated tokenized distribution structure in the Asia-Pacific region. Under the arrangement, a Conduit-managed investment fund will invest in the Federated Hermes Short-Term U.S. Prime Fund, the company said, adding that shares of the Conduit fund will then be tokenized and offered to institutional and wholesale investors in APAC.