$12 Trillion Vanguard Signals Deeper Crypto Push With New Head of Digital Assets Position

Vanguard is recruiting a head of digital assets to develop a multi-year strategy focused on tokenization, stablecoins, custody and blockchain initiatives. The firm is signaling a gradual shift from its long-standing skepticism toward crypto, while saying it has no plans to launch its own digital asset products.
AI Analysis
The article reports a major asset manager hiring a digital assets leader and outlining a multi-year strategy around tokenization, stablecoins, custody and blockchain, which is a positive signal for adoption. However, it also says Vanguard has no plans to launch its own digital asset products, limiting immediate market-moving impact.