Asset management giant Vanguard Group is hiring a head of digital assets to drive the encryption and tokenization of its personal wealth management business.
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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.
Vanguard Group establishes its first head of digital assets position
According to Mars Finance, on July 8th, Vanguard Group, the world's second-largest asset management company (managing approximately $12 trillion in assets), created its first Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will assess 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 requires 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 currently has no plans to issue its own crypto investment vehicles.
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.
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UBS is hiring a head of institutional tokenization business with a maximum annual salary of $290,000.
According to Foresight News , Frank Chaparro, Head of Content at GSR, tweeted that UBS is hiring a Lead, Institutional Tokenization Origination & Structuring. This position covers investment banking, asset management, wealth management, and corporate banking. The corresponding LinkedIn posting indicates the position is based in New York, with an annual salary of $190,000 to $290,000, and is a full-time, on-site position. Chaparro stated that this move further demonstrates that tokenization is increasingly becoming a strategic focus for top global financial institutions.
Asseto's NGI+ platform has officially launched, with on-chain implementation completed by Partners Group's private infrastructure strategy.
Odaily Odaily reports that Asseto recently announced that its technology platform now supports the official launch of the tokenized product NGI+, bringing the private equity infrastructure strategy managed by global private equity investment management firm Partners Group onto the blockchain. NGI+ is an on-chain token backed by private infrastructure fund equity. The underlying strategy is managed by Partners Group, which manages over $185 billion in assets, while Asseto provides NGI+ with smart contracts, on-chain equity records, and related operational technical support. This underlying strategy primarily invests in infrastructure assets such as data centers, energy infrastructure, power grids, and transportation. Traditionally, such private infrastructure strategies are offered to qualified high-net-worth and institutional investors primarily through private banks and other professional investment channels. Through Asseto's tokenization technology, holders who meet the applicable investor qualifications and product access requirements can obtain on-chain economic exposure linked to the net asset value performance of the underlying strategy, in accordance with the terms set forth in the relevant product documents. The launch of NGI+ further expands the application of the Asseto technology platform in alternative asset tokenization scenarios such as private equity infrastructure.