Vanguard Opens Search for Digital Assets Leader in Sign of Evolving Crypto Strategy

Vanguard has opened a search for a head of digital assets, a senior role to oversee strategy for cryptocurrencies and blockchain initiatives. The position would cover tokenization, stablecoins and other areas, according to CoinDesk, and includes building a multi-year roadmap, governance and risk frameworks, and evaluating whether to build capabilities in-house, partner or delay entry. Vanguard, which oversees roughly $10 trillion, began softening its stance in December by allowing brokerage clients to trade crypto ETFs and mutual funds, while maintaining it has no plans to issue its own crypto products.