PANews reported on February 19 that The Daily Hodl quoted Barron's as saying that as financial services giant Charles Schwab expands its business tentacles into the field of crypto asset investment, the company is establishing a new executive position. This new position is the head of digital assets, who will be responsible for Schwab's overall crypto asset strategy. Joe Vietri, who was previously the head of the financial services giant's branch network, will serve as the first head of digital assets.

Schwab, which manages approximately $10.33 trillion in total client assets, already offers clients exposure to cryptocurrencies through regulated products such as the Bitcoin spot ETF, which was approved in the U.S. in January 2024. Under Vietri’s leadership, the financial services giant is planning to expand its cryptocurrency product offerings.

During last month’s fourth-quarter earnings call, Worster said Schwab’s clients were seeing growing interest in crypto assets.