Product Manager, Digital Assets - Tokenization

alpaca; United States; Remote; USD 140,000 - 190,000; Full time

Job summary

Alpaca is seeking a Product Manager to drive tokenization surface development on ITN and related broker/issuer experiences. You will partner with engineering, legal, compliance, and partnerships to ship regulated tokenization infrastructure at scale.

You will provide early signal on tokenized securities and RWA policy developments, shaping the roadmap with pragmatic tradeoffs and partner alignment.

Qualifications

• 6+ years of experience in Product Management, Engineering, and/or starting a startup, with senior-level ownership in tokenization, digital assets, brokerage, exchanges, market infrastructure, or capital-markets technology.

Responsibilities

• Drive the product vision, roadmap, and success metrics for Alpaca's tokenization surface and adjacent experiences.

Skills

Product Management

Engineering

Startup experience

Tokenization

Digital assets

Capital-markets knowledge

Education

Bachelor's degree in computer science, engineering, finance, or equivalent

Job description

Who We Are:

Alpaca is a US-headquartered, global leader in agent-first brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more.

Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 10 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.

Alpaca is proudly backed by $400 million in funding from top-tier global investors including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Opera Tech Ventures, SBI Group, Derayah Financial, Unbound, Peak XV, Elefund, and Y Combinator.

Our Team Members:

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values-Stay Curious, Have Empathy, and Be Accountable-and are ready to make a significant impact, we encourage you to apply.

Your Role

Alpaca's product team is looking for a Product Manager to help drive Alpaca's tokenization surface - centered on the Instant Tokenization Network (ITN) and the issuer, authorized participant, market maker, and broker experiences built on top of it.

You will partner deeply with engineering, compliance, legal, operations, partnerships, and the broader Alpaca product team to ship regulated tokenization infrastructure at scale. You will be expected to provide early signal on tokenized securities and RWA policy developments rather than react after rules formalize.

Things You Get To Do:

• Drive the product vision, roadmap, and success metrics for Alpaca's tokenization surface - centered on the Instant Tokenization Network (ITN) and adjacent issuer / AP / broker experiences.
• Own flagship initiatives end-to-end - including mint and redeem flows, settlement and custody decisions, and on-chain issuance for partners
• Prioritize ruthlessly across partner demand, regulatory constraints, engineering capacity, and commercial upside - with clear yes / no / not now framing.
• Lead build-vs-buy, partner-vs-direct, and onshore-vs-offshore tradeoffs across tokenization infrastructure

Partnerships & Growth

• Run discovery with issuers, authorized participants / market makers, broker-dealers, exchanges, custodians, and institutional clients integrating Alpaca's tokenization rails.
• Own the AP and issuer experience - documentation, sandbox parity, onboarding workflows, exception handling, and the operational loops
• Translate partner needs into sequenced product decisions without over-promising; represent tokenization credibly in partner conversations alongside BD and Sales.
• Shape broker enablement (APIs, SDKs, docs, reference integrations) so broker partners and fintechs can access tokenized equities

Regulatory & Policy

• Partner with Legal and Compliance on transfer-agent, broker-dealer, custody, AML, and tokenized-securities frameworks; land regulatory requirements cleanly into product and ops design.
• Surface early signal on policy and competitive moves in tokenized securities / RWA - feed them into the Digital Assets roadmap before rules or rivals force a scramble.
• Align Engineering, Ops, Finance, Risk, BD, and leadership behind a single tokenization roadmap; expedite tradeoffs early and unblock the team.

Who You Are (Must Haves):

• Excited about what Alpaca is building and ready to own one of the company's most strategically important Digital Assets surfaces.
• Bachelor's degree in computer science, engineering, finance, or equivalent.
• 6+ years of experience in Product Management, Engineering, and/or starting a startup, with senior-level ownership in tokenization, digital assets, brokerage, exchanges, market infrastructure, or capital-markets technology.
• Demonstrated ownership of tokenized securities, RWA issuance, on-chain settlement, or closely related regulated digital-asset products at production (or near-production institutional) scale.
• Strong understanding of equity / capital-markets market structure - trading, custody, clearing/settlement, stock loan / borrow, and post-trade operations - and how those workflows map onto blockchain rails.
• Experience shipping in a regulated environment alongside Legal, Compliance, Risk, and Operations - comfortable with ambiguity and real-time tradeoffs, not waiting for