Product Manager, Digital Assets - Tokenization

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.

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.

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.

• 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,