Asset management giant Vanguard hires digital asset head for the first time, will assess tokenization and stablecoin strategies

CoinFeed July 8 news, according to Bitcoin Magazine, the world's second-largest asset management company Vanguard (managing about $12 trillion in assets) has established a digital asset head position for the first time, responsible for formulating the company's long-term crypto and blockchain strategy. The role will assess areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and decide whether Vanguard will build its own capabilities, partner externally, or delay entry into certain markets. The role requires building a multi-year roadmap and designing governance and risk frameworks. Vanguard stated that this recruitment does not indicate an imminent launch of crypto products, and currently has no plans to issue its own crypto investment instruments.