{"success":true,"data":{"pressRelease":{"id":"58924","rtpr_id":"nPnbw6dxra","ticker":"FHI","exchange":"NYSE","all_tickers":["FHI","OFFXX"],"title":"Federated Hermes launches its first fund designed for compliance with the GENIUS Act","author":"PR Newswire","published_at":"2026-06-09T13:02:00.046Z","article_body":"Federated Hermes launches its first fund designed for compliance with the GENIUS Act\n\nPR Newswire\n\nPITTSBURGH, June 9, 2026\n\n * Federated Hermes Money Market Management Digital Treasury Fund is structured\nto meet reserve and liquidity requirements supporting collateral management\nfor payment-stablecoin issuers\n * Builds on 50-year legacy of money market innovation\nPITTSBURGH, June 9, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a\nglobal leader in active investing, today introduced Federated Hermes Money\nMarket Management Digital Treasury Fund–Reserve Shares (NASDAQ: OFFXX).\n\nFederated Hermes Money Market Management Digital Treasury Fund seeks to\nprovide current income consistent with stability of principal by investing in\na portfolio of US dollar cash and US Treasury investments that mature within\n93 days and overnight repurchase agreements fully collateralized by US\nTreasury securities. In pursuing its investment objective and implementing its\ninvestment strategies, the fund intends to comply with Rule 2a-7 under the\nInvestment Company Act of 1940.\n\nThe fund is Federated Hermes' first product designed to satisfy the\nrequirements for eligible reserve assets that payment-stablecoin issuers are\nrequired to maintain under the Guiding and Establishing National Innovation\nfor US Stablecoins Act, or GENIUS Act, which was passed in July 2025. The Act\nprovides a regulatory framework for stablecoins, a type of digital asset, to\nbe backed by high-quality liquid assets on a 1:1 basis. While the fund itself\ndoes not employ blockchain technology with respect to the Reserve Shares, fund\nshares are expected to be used primarily by participants in the broader\nblockchain ecosystem. Reserve Shares of the fund may be purchased and held by\nindividuals, payment-stablecoin issuers, and institutional investors directly\nor through intermediaries, including intermediaries that use blockchain\ntechnology to maintain a record of share ownership for their customers. In the\nfuture, the fund may seek to employ blockchain technology to maintain a record\nof share ownership with respect to the Reserve Shares or additional share\nclasses.\n\nFor more than 50 years, Federated Hermes has been a leader in money market\ninnovation, launching the first fund to include \"money market\" in its name in\n1974. Drawing on that experience, the fund is managed by Susan Hill, CFA,\nsenior portfolio manager and head of government liquidity group, and John\nWyda, CFA, senior portfolio manager and senior investment analyst. The firm\nmanages a record $684.7 billion in money market assets as of March 31, 2026.\n\n\"Liquidity management is a core business of Federated Hermes and we offer one\nof the largest menus of targeted solutions,\" said Paul A. Uhlman, president\nand chief executive officer of the Federated Advisory Companies. \"Federated\nHermes is proud to advance strategic initiatives that bring together the\nstrength of money market investments and our management expertise. As the\nindustry continues to explore the digital space and tokenized money market\nofferings, we continue to vet opportunities that employ the efficiency and\ntransparency of blockchain technology.\"\n\nFederated Hermes, Inc. (NYSE: FHI) is a global leader in active investment\nmanagement, with $907.1 billion in assets under management as of March 31,\n2026. We deliver investment solutions that help investors target a broad range\nof outcomes and provide equity, fixed-income, alternative/private markets,\nmulti-asset and liquidity management strategies to more than 11,000\ninstitutions and intermediaries worldwide. Our clients include corporations,\ngovernment entities, insurance companies, foundations and endowments, banks\nand broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more\nthan 2,000 employees in London, New York, Boston and offices worldwide. For\nmore information, visit FederatedHermes.com/us\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4706874-1&h=3846041076&u=https%3A%2F%2Fwww.federatedhermes.com%2Fus%2Fhome.do&a=FederatedHermes.com%2Fus)\n.\n\n# # #\n\nYou could lose money by investing in the fund. Although the fund seeks to\npreserve the value of your investment at $1.00 per share, it cannot guarantee\nit will do so. An investment in the fund is not a bank account and is not\ninsured or guaranteed by the Federal Deposit Insurance Corporation or any\nother government agency. The fund's sponsor is not required to reimburse the\nfund for losses, and you should not expect that the sponsor will provide\nfinancial support to the fund at any time, including during periods of market\nstress. Government money market funds are not required to adopt a liquidity\nfee framework.\n\nSince the fund's principal investment strategy limits its investments to\neligible reserve assets in which payment stablecoin issuers are permitted to\nmaintain under the GENIUS Act, the fund's yield may be lower than other money\nmarket funds that are permitted to invest in a wider universe of investments.\n\nInvestors should carefully consider the fund's investment objectives, risks,\ncharges and expenses before investing. To obtain a summary prospectus or\nprospectus containing this and other information, contact us at 1-800-341-7400\nor visit FederatedHermes.com/us. Please carefully read the summary prospectus\nor the prospectus before investing.\n\nFederated Securities Corp. is Distributor of the Federated Hermes mutual\nfunds.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/federated-hermes-launches-its-first-fund-designed-for-compliance-with-the-genius-act-302795165.html\n(https://www.prnewswire.com/news-releases/federated-hermes-launches-its-first-fund-designed-for-compliance-with-the-genius-act-302795165.html)\n\nSOURCE Federated Hermes, Inc.\n\n\n\nEd Costello 412-288-7538; Libby Graner 412-288-7961; ANALYSTS: Ray Hanley 412-288-1920\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnbw6dxra","title":"Federated Hermes launches its first fund designed for compliance with the GENIUS Act","author":"PR Newswire","ticker":"FHI","created":"2026-06-09T13:02:00.046Z","tickers":["FHI","OFFXX"],"exchange":"NYSE","article_body":"Federated Hermes launches its first fund designed for compliance with the GENIUS Act\n\nPR Newswire\n\nPITTSBURGH, June 9, 2026\n\n * Federated Hermes Money Market Management Digital Treasury Fund is structured\nto meet reserve and liquidity requirements supporting collateral management\nfor payment-stablecoin issuers\n * Builds on 50-year legacy of money market innovation\nPITTSBURGH, June 9, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a\nglobal leader in active investing, today introduced Federated Hermes Money\nMarket Management Digital Treasury Fund–Reserve Shares (NASDAQ: OFFXX).\n\nFederated Hermes Money Market Management Digital Treasury Fund seeks to\nprovide current income consistent with stability of principal by investing in\na portfolio of US dollar cash and US Treasury investments that mature within\n93 days and overnight repurchase agreements fully collateralized by US\nTreasury securities. In pursuing its investment objective and implementing its\ninvestment strategies, the fund intends to comply with Rule 2a-7 under the\nInvestment Company Act of 1940.\n\nThe fund is Federated Hermes' first product designed to satisfy the\nrequirements for eligible reserve assets that payment-stablecoin issuers are\nrequired to maintain under the Guiding and Establishing National Innovation\nfor US Stablecoins Act, or GENIUS Act, which was passed in July 2025. The Act\nprovides a regulatory framework for stablecoins, a type of digital asset, to\nbe backed by high-quality liquid assets on a 1:1 basis. While the fund itself\ndoes not employ blockchain technology with respect to the Reserve Shares, fund\nshares are expected to be used primarily by participants in the broader\nblockchain ecosystem. Reserve Shares of the fund may be purchased and held by\nindividuals, payment-stablecoin issuers, and institutional investors directly\nor through intermediaries, including intermediaries that use blockchain\ntechnology to maintain a record of share ownership for their customers. In the\nfuture, the fund may seek to employ blockchain technology to maintain a record\nof share ownership with respect to the Reserve Shares or additional share\nclasses.\n\nFor more than 50 years, Federated Hermes has been a leader in money market\ninnovation, launching the first fund to include \"money market\" in its name in\n1974. Drawing on that experience, the fund is managed by Susan Hill, CFA,\nsenior portfolio manager and head of government liquidity group, and John\nWyda, CFA, senior portfolio manager and senior investment analyst. The firm\nmanages a record $684.7 billion in money market assets as of March 31, 2026.\n\n\"Liquidity management is a core business of Federated Hermes and we offer one\nof the largest menus of targeted solutions,\" said Paul A. Uhlman, president\nand chief executive officer of the Federated Advisory Companies. \"Federated\nHermes is proud to advance strategic initiatives that bring together the\nstrength of money market investments and our management expertise. As the\nindustry continues to explore the digital space and tokenized money market\nofferings, we continue to vet opportunities that employ the efficiency and\ntransparency of blockchain technology.\"\n\nFederated Hermes, Inc. (NYSE: FHI) is a global leader in active investment\nmanagement, with $907.1 billion in assets under management as of March 31,\n2026. We deliver investment solutions that help investors target a broad range\nof outcomes and provide equity, fixed-income, alternative/private markets,\nmulti-asset and liquidity management strategies to more than 11,000\ninstitutions and intermediaries worldwide. Our clients include corporations,\ngovernment entities, insurance companies, foundations and endowments, banks\nand broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more\nthan 2,000 employees in London, New York, Boston and offices worldwide. For\nmore information, visit FederatedHermes.com/us\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4706874-1&h=3846041076&u=https%3A%2F%2Fwww.federatedhermes.com%2Fus%2Fhome.do&a=FederatedHermes.com%2Fus)\n.\n\n# # #\n\nYou could lose money by investing in the fund. Although the fund seeks to\npreserve the value of your investment at $1.00 per share, it cannot guarantee\nit will do so. An investment in the fund is not a bank account and is not\ninsured or guaranteed by the Federal Deposit Insurance Corporation or any\nother government agency. The fund's sponsor is not required to reimburse the\nfund for losses, and you should not expect that the sponsor will provide\nfinancial support to the fund at any time, including during periods of market\nstress. Government money market funds are not required to adopt a liquidity\nfee framework.\n\nSince the fund's principal investment strategy limits its investments to\neligible reserve assets in which payment stablecoin issuers are permitted to\nmaintain under the GENIUS Act, the fund's yield may be lower than other money\nmarket funds that are permitted to invest in a wider universe of investments.\n\nInvestors should carefully consider the fund's investment objectives, risks,\ncharges and expenses before investing. To obtain a summary prospectus or\nprospectus containing this and other information, contact us at 1-800-341-7400\nor visit FederatedHermes.com/us. Please carefully read the summary prospectus\nor the prospectus before investing.\n\nFederated Securities Corp. is Distributor of the Federated Hermes mutual\nfunds.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/federated-hermes-launches-its-first-fund-designed-for-compliance-with-the-genius-act-302795165.html\n(https://www.prnewswire.com/news-releases/federated-hermes-launches-its-first-fund-designed-for-compliance-with-the-genius-act-302795165.html)\n\nSOURCE Federated Hermes, Inc.\n\n\n\nEd Costello 412-288-7538; Libby Graner 412-288-7961; ANALYSTS: Ray Hanley 412-288-1920\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-09T13:02:00.091626603Z","server_sent_at_ms":1781010120091},"received_at":"2026-06-09T13:02:00.152Z","source_url":"https://www.prnewswire.com/news-releases/federated-hermes-launches-its-first-fund-designed-for-compliance-with-the-genius-act-302795165.html"},"analysis":{"id":"48352","press_release_id":"58924","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"product_launch","narrative":"Federated Hermes launched the Federated Hermes Money Market Management Digital Treasury Fund–Reserve Shares (OFFXX), its first fund designed to comply with the GENIUS Act.\n\nThe fund invests in US dollar cash, US Treasuries maturing within 93 days, and overnight repurchase agreements collateralized by US Treasuries, targeting payment-stablecoin issuers who must maintain eligible reserve assets.\n\nThis launch leverages Federated Hermes' $684.7 billion money market AUM and positions the firm to capture liquidity management demand from the growing blockchain and stablecoin ecosystem.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Federated Hermes enters the stablecoin infrastructure space with a GENIUS Act-compliant money market fund, signaling a strategic pivot toward digital asset liquidity management."},"keyFigures":{"customDimensions":{"aum_total":"$907.1 billion","money_market_aum":"$684.7 billion"}},"quotedText":"Liquidity management is a core business of Federated Hermes and we offer one of the largest menus of targeted solutions","namedEntities":{"people":[{"name":"Paul A. Uhlman","role":"President and CEO of Federated Advisory Companies"},{"name":"Susan Hill","role":"Senior Portfolio Manager"},{"name":"John Wyda","role":"Senior Portfolio Manager"},{"name":"Ed Costello","role":"IR Contact"},{"name":"Libby Graner","role":"IR Contact"},{"name":"Ray Hanley","role":"Analyst Contact"}],"products":["Federated Hermes Money Market Management Digital Treasury Fund–Reserve Shares","OFFXX"],"companies":[{"name":"Federated Hermes, Inc.","ticker":"FHI","relationship":"filer"},{"name":"Federated Securities Corp.","relationship":"distributor"}],"dollarAmounts":[{"amount":"$907.1 billion","context":"total assets under management as of March 31, 2026"},{"amount":"$684.7 billion","context":"money market assets under management as of March 31, 2026"},{"amount":"$1.00","context":"target share price"}]},"materialImpact":{"score":2,"reasoning":"Launch of a new niche money market fund targeting the emerging stablecoin reserve asset market. While strategically significant for positioning in digital assets, it is a single product launch with limited immediate impact on overall AUM or earnings."},"tickerRelevance":{"others":[],"primary":"FHI"},"globalImportance":35,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"context":"Strategic move into crypto-adjacent infrastructure by a traditional asset manager","tickerTier":"large-cap","eventGravity":"product_launch_niche","sectorWeight":"financials","householdBrandBoost":"low","retailFavoriteBoost":"none"}},"event_type":"product_launch","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Federated Hermes launched the Federated Hermes Money Market Management Digital Treasury Fund–Reserve Shares (OFFXX), its first fund designed to comply with the GENIUS Act.\n\nThe fund invests in US dollar cash, US Treasuries maturing within 93 days, and overnight repurchase agreements collateralized by US Treasuries, targeting payment-stablecoin issuers who must maintain eligible reserve assets.\n\nThis launch leverages Federated Hermes' $684.7 billion money market AUM and positions the firm to capture liquidity management demand from the growing blockchain and stablecoin ecosystem.","key_figures":{"customDimensions":{"aum_total":"$907.1 billion","money_market_aum":"$684.7 billion"}},"named_entities":{"people":[{"name":"Paul A. Uhlman","role":"President and CEO of Federated Advisory Companies"},{"name":"Susan Hill","role":"Senior Portfolio Manager"},{"name":"John Wyda","role":"Senior Portfolio Manager"},{"name":"Ed Costello","role":"IR Contact"},{"name":"Libby Graner","role":"IR Contact"},{"name":"Ray Hanley","role":"Analyst Contact"}],"products":["Federated Hermes Money Market Management Digital Treasury Fund–Reserve Shares","OFFXX"],"companies":[{"name":"Federated Hermes, Inc.","ticker":"FHI","relationship":"filer"},{"name":"Federated Securities Corp.","relationship":"distributor"}],"dollarAmounts":[{"amount":"$907.1 billion","context":"total assets under management as of March 31, 2026"},{"amount":"$684.7 billion","context":"money market assets under management as of March 31, 2026"},{"amount":"$1.00","context":"target share price"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-09T13:16:55.933Z","global_importance":35,"audience_relevance":40,"importance_components":{"context":"Strategic move into crypto-adjacent infrastructure by a traditional asset manager","tickerTier":"large-cap","eventGravity":"product_launch_niche","sectorWeight":"financials","householdBrandBoost":"low","retailFavoriteBoost":"none"}},"durationMs":63910,"modelName":"george-droid-qwen-72b"}}