Vanguard

DTCC processed its first live production trades involving tokenized securities, including stocks, ETFs and U.S. Treasurys. The initiative highlights how blockchain-based representations of existing assets could reshape collateral, repo and equity market infrastructure without changing legal ownership rights.

Vanguard is seeking a head of digital assets to build a multi-year roadmap across tokenization, stablecoins, custody and blockchain infrastructure. The move points to a measured evolution in the asset manager’s crypto posture after it began allowing clients to trade crypto ETFs and mutual funds.