UBS is hiring a head of institutional tokenization business with a maximum annual salary of $290,000.
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Asset management giant Vanguard Group is hiring a head of digital assets to drive the encryption and tokenization of its personal wealth management business.
PANews reported on July 7 that asset management giant Vanguard Group is hiring a "Head of Digital Assets, Personal Wealth" to develop and execute the overall digital asset strategy and multi-year roadmap for the personal wealth sector, covering product design, operating models, risk and compliance frameworks. This position will lead the evaluation and development of digital asset products and services for self-investment, investment advisory, and high-net-worth clients, including access models, pricing, custody/wallets, settlement and reporting processes, and coordinating cross-departmental implementation across technology, operations, legal, and compliance departments.
Asset management giant Vanguard is hiring its first head of digital assets to evaluate strategies including tokenization and stablecoins.
PANews reported on July 8th that, according to Bitcoin Magazine, Vanguard, the world's second-largest asset manager (with approximately $12 trillion in assets under management), has created its first-ever Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will evaluate areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position will involve developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and that it currently has no plans to issue its own crypto investment vehicles.
Securitize raises $400 million in funding to expand its institutional tokenization business through acquisitions.
PANews reported on July 6th that, according to CoinDesk, NYSE-listed Securitize (SECZ) plans to use over $400 million to expand its institutional tokenization platform through acquisitions of complementary businesses, rather than acquiring competitors. Securitize previously merged with Cantor's SPAC, retaining approximately 70% of the trust funds, raising over $400 million in total. Since its founding in 2017, the company has issued approximately $4.4 billion in tokenized assets, including BlackRock's $2.2 billion U.S. Treasury money market fund BUIDL and nearly $300 million in Securitize's own tokenized shares, making it one of the largest issuers of tokenized assets.
Binance Wealth Management launches U-Life, offering a maximum annualized yield of 8%.
Binance Wealth Management announced the launch of its U-Protected Earnings Flexible Savings product, running from July 4th 08:00 to July 18th 07:59 (UTC+8). During this period, users who subscribe to the U-Protected Earnings product can enjoy an annualized yield of up to 8%, including real-time annualized yield and tiered bonus annualized yield. Each user can subscribe to a maximum of 10,000 U.
Zhang Yuhang, Beijing Municipal Bureau of Economy and Information Technology: Developing the word-based economy and exploring business models such as quantity-based pricing, performance-based payment, and subscription-based hosting.
According to Mars Finance, Zhang Yuhang, a second-level inspector of the Beijing Municipal Bureau of Economy and Information Technology, stated on July 8th that the next step will be to create a new form of intelligent economy. This includes developing a word-based economy, building word-based factories, and exploring business models such as quantity-based pricing, performance-based payment, and subscription-based hosting; accelerating research and development of key technologies for embodied intelligence and robot products, and improving the systematic evaluation capabilities of robots; supporting the innovative development of intelligent terminals such as smartphones, smart computers, smart glasses, and smart homes, and improving the pilot-scale testing service system. (Beike Finance)
Vanguard Group publicly advertised for a head of digital assets, having explicitly stated that crypto assets were inconsistent with its long-term investment philosophy.
According to Mars Finance, Vanguard Group is hiring a Head of Digital Assets for its Personal Wealth business. The job requirements include over 10 years of relevant experience, a deep understanding of digital assets (tokenization, stablecoins, custody, settlement, etc.), and innovation and risk management capabilities in a regulatory environment. This position will be responsible for developing Vanguard's strategy, roadmap, and implementation in the digital asset space, including assessing digital asset capabilities, product development, operating models, and cross-functional collaboration with product, technology, operations, risk, legal, and compliance departments. It will also require representing Vanguard in external communications with industry players, regulators, and clients. It is understood that Vanguard began allowing brokerage clients to trade crypto ETFs and mutual funds last December, but the company has explicitly stated that it has no plans to launch its own crypto investment products, believing that digital assets are still inconsistent with its long-term investment philosophy.