Institutional Crypto: Tokenization Accelerates, Strive Buys BTC, Federated Hermes Onchain
S&P Global completed its first ever onchain derivatives swap on Canton blockchain, Strive added 3,311 BTC bringing total to ~$2.7B, and $911B asset manager Federated Hermes plans tokenized fund shares by early 2027.
What we know
Three major institutional crypto developments broke this hour. First, S&P Global executed its first onchain derivatives swap between Marex and DRW via the Canton blockchain an account on X another account on X. Second, Strive acquired 3,311 BTC last week, bringing total holdings to 32,773 BTC worth ~$2.7B, with $208M in warrants exercised another account on X saylor. Third, CoinDesk exclusively reported that Federated Hermes ($911B AUM) plans to issue its first tokenized fund shares in early 2027, partnering with Prometheum for brokerage distribution CoinDesk. Meanwhile, Wintermute flagged that crypto is losing capital flow support as ETF outflows mount — BTC -3.2% and ETH -7.0% last week with $679M in U.S. spot ETF outflows another account on X.
Sources
“EXCLUSIVE: $911B Federated Hermes plans first tokenized fund shares in early 2027 via Prometheum”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.