Lead Product Manager, Tokenization

Bullish is building institutional rails for tokenized securities, bringing issuance, trading, and settlement on-chain across equities, money market funds, and real-world assets. As Lead Product Manager for Tokenization, you own this product domain end-to-end and help set its strategy. You operate as the recognized product authority on tokenization, defining how traditional market infrastructure connects to digital asset rails and shaping Bullish's positioning in a fast-moving regulatory and competitive landscape.

What you'll do

• Support the end-to-end product vision and multi-year strategy for the Bullish tokenization platform, spanning the full asset lifecycle from issuance through secondary trading to settlement and the core operations that run it
• Make foundational platform decisions that everything else depends on: token architecture, compliance-aware transfer restrictions, settlement models (including paths from traditional T+1/T+0 rails to atomic on-chain delivery versus payment), and conversion paths between traditional registry holdings and native on-chain tokens, designed to operate across multiple chains including permissioned and privacy-enabled networks
• Define operator interfaces and APIs for essential asset operations such as issuance, burning, pausing, and revaluation, and configurable multi-organizational approval workflows across issuers, transfer agents, and the exchange, and own reconciliation between the registry book of record and on-chain state, including automated exception handling across lifecycle events
• Drive smart-contract automation of corporate actions including dividends, stock splits, proxy voting, revaluation, clawback, and recall to a standard that institutions and issuers will trust, with auditability, reporting, and controls designed in from the start
• Develop use cases, requirements, and prototypes alongside Engineering, moving fluidly from strategy to working product
• Build the broker enablement layer of APIs, SDKs, documentation, and sandbox parity so that brokers, neobanks, and wealth platforms can run on Bullish rails, treating integrating developers and partners as first-class customers, and architect approaches that make tokenized assets composable within DeFi without compromising compliance, accounting for how splits and dividends rebase positions used as collateral
• Set the roadmap and secure buy-in by aligning Engineering, Legal, Compliance, Operations, and external partners behind a single vision, and represent that vision credibly to C-suite executives, regulators, issuers, and industry and standards working groups
• Define success metrics for the platform including adoption, time to integrate, settlement throughput, and reliability, and own the commercial case behind roadmap calls, including build versus buy and platform economics
• Shape the external narrative with Marketing, from product positioning through launch
• Lead competitive and regulatory analysis that informs Bullish's positioning, and raise the bar across the product team by setting the standards, patterns, and playbooks others adopt

What you bring

• A Bachelor's or advanced degree in Finance, Economics, Computer Science, or Engineering
• 8+ years in product management within financial services, with 4+ years owning blockchain, tokenization, or digital asset products, and a demonstrated track record of shipping institutional-grade financial infrastructure end to end
• Recognized command of token standards including compliance-aware standards such as ERC-3643 and the DS Protocol with embedded transfer restrictions, smart contract patterns, settlement mechanics, and the market structure that connects traditional securities infrastructure (registry, transfer agents, clearing and settlement through DTC and NSCC, order routing, and NBBO and Reg NMS mechanics) to on-chain rails, with a clear point of view on direct registry-backed ownership versus synthetic or custodial models
• A track record of defining a product space in ambiguity, not just executing a roadmap, and of carrying a strategy from a blank page to a launched product
• Daily hands-on experience building with AI, running agents and LLM tooling across PRD drafting, call and customer synthesis, data exploration, and prototyping, with a clear vision for how agentic workflows reshape product management
• Exceptional ability to convey complex technical and regulatory concepts to C-suite stakeholders, regulators, and partners, and to lead cross-functionally through influence rather than authority

Nice to have

• Industry knowledge across cryptocurrency, blockchain, digital assets, RWA tokenization, and digital securities issuance
• Familiarity with the regulatory landscape for tokenized securities, including KYC and AML obligations, transfer-agent rules, and the relevant CFTC and SEC frameworks
• A bias toward solving the hardest problems, where no problem is too big
• A genuine passion for staying ahead of the curve in digital assets and AI

What we offer

• Base salary of $245,000-$285,000 plus discretionary annual target bonus and performance incentives/benefits

About Bullish

Bullish is an institutionally focused global digital asset platform providing market infrastructure and information services. Its offerings include Bullish Exchange, a regulated spot and derivatives exchange across Germany, Hong Kong, and Gibraltar; CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks; CoinDesk Data, a suite of market data and analytics; and CoinDesk Insights, a digital media platform covering news and insights about digital assets, markets, policy, and blockchain technology.