Product Manager, Digital Assets - CSD & Settlement

As a Product Manager for Digital Assets at Euronext, you will shape the future of capital markets by bringing hands-on central securities depository (CSD), international central securities depository (ICSD), or custodian experience to tokenised securities. You join the Digital Assets team, reporting to the Chief Product Officer for Digital Assets, and will be based in Paris or London, starting as soon as possible.

What you'll do

• Design digital-asset products and operating models covering securities issuance, custody, settlement and lifecycle events
• Define how CSD issuance and settlement work for tokens, including issuance against CSD positions, minting and burning, the register as legal record, and reconciliation of CSD books with on-chain supply
• Define settlement workflows for tokenised securities, including matching, delivery-versus-payment, reconciliation and exception handling, and how CSD and TARGET2-Securities (T2S) processes adapt
• Define asset servicing for tokenised securities such as coupons, redemptions and corporate actions, and how custodians and linked CSDs receive and reconcile it
• Work with Legal, Compliance, Risk and Operations to address regulatory requirements, settlement finality, asset protection and operational readiness under the Central Securities Depositories Regulation (CSDR) and the Distributed Ledger Technology (DLT) Pilot Regime
• Own a product workstream and its backlog through to launch, contribute to roadmap prioritisation with the Chief Product Officer, and monitor adoption, settlement performance and exception rates

What you bring

• At least five years of experience inside a CSD, ICSD or custodian in settlement, issuance or asset servicing, ideally including a T2S migration or a digital-securities project
• Deep knowledge of securities settlement, including matching, delivery-versus-payment, finality and fails, and of the lifecycle from issuance to corporate actions
• Understanding of CSDR notary, central maintenance and settlement services, and of how holdings are recorded across CSD, custodian and investor accounts
• Product management, business analysis or service development experience in securities-market infrastructure, including owning a roadmap or backlog
• Experience leading initiatives across CSDs, custodians and settlement banks to agree operating models, responsibilities and controls
• Experience running participant market testing and readiness for a CSD migration or new service
• Exposure to cross-CSD links, ISO 20022 settlement messaging or custodian connectivity
• Fluency in English

Nice to have

• Involvement in a CSD digital-securities platform, a DLT Pilot Regime project, the UK Digital Securities Sandbox or Eurosystem DLT trials
• Familiarity with DLT-based settlement, digital custody, smart contracts or digital forms of cash
• Knowledge of blockchain, DLT, decentralised finance or crypto, even just as a user rather than professionally
• Experience preparing a CSDR authorisation, DLT Pilot Regime application or other regulatory filing
• Knowledge of a Euronext Securities market in Denmark, Italy, Norway or Portugal

About Euronext

Euronext is the leading European capital market, operating eight national stock exchanges and handling 25% of European lit equity trading. Euronext Securities is at the forefront of post-trade services and one of the largest CSD operators in Europe, delivering settlement, custody and issuance services across domestic and international markets. The company covers the entire capital markets value chain, from listing and trading to clearing, settlement and custody, with products spanning equities, FX, ETFs, bonds, derivatives, commodities and indices.