Asset management giant Vanguard is hiring its first head of digital assets to evaluate strategies including tokenization and stablecoins.
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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.
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.
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.
New York Life Asset Management executive: The biggest opportunity for tokenization lies in personalized investing.
PANews reported on July 5th, citing Coindesk, that Thomas Sy, Head of Multi-Asset Solutions at New York Life Investment Management (NYLIM), which manages $800 million in assets, stated in an interview that blockchain could ultimately enable asset management firms to tailor portfolios for individual investors on a large scale—something the current financial system cannot achieve. "We believe the future of asset management lies in personalization. And the only technology that can help us achieve this at scale is blockchain." Personalized investment strategies often combine ETFs, bonds, private credit, and other assets, creating operational complexity that makes personalization difficult to scale. Tokenization can simplify transfer brokerage, settlement, and other back-office processes, reducing costs and ultimately benefiting investors.
UK House of Lords backs mandatory digital asset strategy over Labour position
The amendment would require the UK Treasury to develop a strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure.