- Vanguard posted a Head of Digital Assets role within its Personal Wealth division, its first dedicated crypto strategy job.
- The executive will build a multi-year roadmap covering tokenisation, stablecoins, custody, digital wallets and blockchain settlement.
- Vanguard, which manages about US$10 trillion (AU$14.4 trillion), still says it has no plans to launch its own crypto products.
Vanguard has opened a search for a Head of Digital Assets, its first dedicated crypto strategy role, marking a change in course for a firm that spent years as one of the industry’s loudest institutional skeptics. The job sits within Vanguard Personal Wealth and is based in Dallas.
The executive will build Vanguard’s multi-year digital asset roadmap and assess tokenisation, stablecoins, custody, digital wallets and blockchain-enabled settlement, according to the posting.
The role coordinates the work across Vanguard’s product, technology, operations, legal and compliance teams. Vanguard manages about US$10 trillion (AU$14.4 trillion).
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No Products, For Now
Vanguard says it has no plans to issue its own crypto investment products. Since December 2025, it has let its more than 50 million brokerage clients trade third-party cryptocurrency ETFs and mutual funds, which remains its only opening to the asset class.
Keep in mind Vanguard had blocked spot Bitcoin ETFs from its platform in January 2024, when the funds first launched, and reversed that block nearly two years later.
Chief Executive Salim Ramji has said the decision not to launch a Bitcoin ETF was “entirely consistent” with the firm’s investment philosophy.
Vanguard held out while its largest rivals moved in. BlackRock, Fidelity and Franklin Templeton launched spot Bitcoin ETFs and other blockchain products, and Vanguard did not.
The posting also tasks the executive with designing governance and risk frameworks for how digital assets could fit Vanguard’s wealth management business.
Related: Bitcoin ETFs Snap 10-Day Bleeding Streak With Biggest Inflow in Two Months
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