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From Refusal to Adoption: Vanguard Embraces Digital Assets

  • MyTimeEquityPE
  • Dec 10
  • 2 min read

The unthinkable just happened. Vanguard, long considered the most traditional and crypto-averse asset manager, has reversed course. The $11 trillion giant will now allow its 50 million clients to trade ETFs and mutual funds that hold Bitcoin, Ethereum, Solana, XRP, Dogecoin, and other digital assets.


This pivot arrives under the new CEO Salim Ramji, previously instrumental in shaping BlackRock’s crypto strategy. The firm now acknowledges that digital assets have withstood volatility, market infrastructure has matured, and investor demand can no longer be ignored. When the most conservative player steps in, the conversation changes completely. The question of whether crypto belongs in portfolios is no longer theoretical; it is now mainstream.


Wall Street Begins Allocating, Not Speculating


Major wirehouses are converging on defined crypto allocation ranges:


  • Bank of America: 1 to 4 percent, with ETF research coverage launching in January

  • Morgan Stanley: 2 to 4 percent

  • BlackRock: highlights efficiency at 1 to 2 percent

  • Fidelity: supports 2 to 5 percent for long-term investors


Even after recent market pullbacks, institutional conviction remains strong. JPMorgan and Standard Chartered continue to project six-figure Bitcoin targets. Crypto has shifted from speculation toward being a measured component in diversified portfolios.


A Missing Chapter in the U.S. Strategy


The new U.S. National Security Strategy contains no reference to crypto or blockchain, despite ongoing political rhetoric around digital asset competitiveness. This signals that crypto is advancing through agency-level pilots and regulatory initiatives rather than through broad national directives. If digital assets appear in future strategy documents, it would mark a shift from experimentation to strategic priority.


The Quiet Bull Market in Tokenization and RWAs


Outside the headlines, tokenized real-world assets are quietly gaining traction.


  • Stablecoin supply is rising, with USDT extending its lead

  • Ethereum remains the core settlement layer

  • Tokenized U.S. Treasuries have grown from less than $500 million in 2023 to $9 billion today

  • Still only 0.03 percent of the Treasury market, leaving meaningful room to scale


Tokenization is expanding into corporate bonds, private credit, commodities, and notably gold. With Bitcoin valued at around $1.8 trillion and gold near $30 trillion, on-chain gold is viewed as a significant emerging opportunity.


Bottom line:

With Vanguard entering crypto, Wall Street standardizing allocation guidance, and RWAs accelerating quietly in the background, digital assets are transitioning from hype to integration. Adoption, regulatory clarity, and real-world utility will define the next chapter of this market.


MyTimeEquity Digital Asset Fund (MDA) to participate directly in this evolving asset class alongside our clients. The fund reflects our conviction that digital assets, tokenization, and blockchain infrastructure are entering a scalable adoption cycle. By investing through MDA, clients gain access to the same institutional opportunities and strategies we deploy internally.


 
 
 

Disclosure

The information provided on this website is for informational purposes only and does not constitute financial, legal, or tax advice. Consult with a qualified financial advisor, attorney, or tax professional before making any financial decisions. The information does not constitute an offer to sell or a solicitation of an offer to buy securities issued by the MyTimeEquity Private Equity (MPE) LLC. Any such offer or solicitation will be made exclusively through the Fund’s Confidential Private Placement Memorandum. Investors should carefully review these documents before making an investment decision. MyTimeEquity, LLC, a Texas limited liability company formed on September 3, 2021, serves as the investment adviser to MPE with respect to its securities investment activities. The Adviser is registered as an investment adviser with California, Florida, North Carolina, and Texas. The MPE Digital Asset (MDA) Fund’s investment strategy is speculative and involves substantial risks. The MDA Fund has a limited operating history, and there is no guarantee that it will achieve its investment objectives. Investors may lose some or all of their invested capital. Additionally, investments in the Fund will be illiquid (initial 12 months). The MDA Fund is not intended as a complete investment solution and is suitable only for investors who can tolerate an indefinite commitment of capital and withstand the potential total loss of their investment. Bitcoin and other digital assets present a high degree of risk and their past performance does not guarantee future results. Cryptocurrencies are not legal tender and are not backed by any government or central authority. The market for digital assets has historically been highly volatile, and the value of cryptocurrencies held by the Fund could decline significantly, including to zero. Government regulations and restrictions on cryptocurrency transactions are evolving and may materially impact the Fund’s ability to operate. Cryptocurrency exchanges are also subject to fraud, cyberattacks, operational failures, and regulatory actions, any of which could result in losses. Similar to traditional assets, digital assets are vulnerable to theft, loss, and destruction. Incidents of hacking and fraud have resulted in significant losses across the industry, and the Fund’s assets are not immune to such risks. For additional details regarding the risks associated with investing in the Fund, please connect with us and refer to the MDA Fund’s Confidential Private Placement Memorandum.

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