Lead Product Manager, Crypto

Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for various financial products. They are seeking a Lead Product Manager to own and grow their regulated crypto product surface, collaborating with multiple teams to ship crypto infrastructure at scale.

Responsibilities:

• Lead Alpaca's crypto product strategy across trading, borrow / lend / earn, custody, on-chain settlement, and tokenization
• Own flagship initiatives end-to-end — including multi-asset cross-margin, licensing build-out, transfer-agent-licensed tokenization, on-chain issuance for partners, stock loan tokenization, and tokenized money market funds
• Drive build-vs-buy, partner-vs-direct, and onshore-vs-offshore tradeoffs across regulated crypto products
• Take leadership of a portfolio of in-flight crypto projects, with the autonomy to set priorities, escalate tradeoffs, and unblock the team
• Take partnership programs end-to-end: idea → launch → PR → growth (e.g. exchange-grade partnerships)
• Run discovery with prospective and existing partners — broker-dealers, exchanges, custodians, stablecoin issuers, neobanks, and institutional clients
• Translate partner needs into prioritized product decisions with clear "yes / no / not now" framing that doesn't over-promise
• Engage directly with US regulators and policy stakeholders (NY DFS, SEC, FinCEN, FINRA), partnering with internal legal and compliance on transfer-agent, broker-dealer, and tokenized-securities frameworks
• Provide an early heads-up on US policy changes - feed signal into the broader Alpaca roadmap before rules formalize
• Own the operational and regulatory implications of crypto product launches (custody, settlement, AML, market integrity)
• Help build and develop the Alpaca crypto PM team; hire and ramp existing PMs, set bar and standards across the cluster
• Represent crypto in cross-functional forums; product reviews, partner exec syncs, and leadership-level discussions
• Ad hoc duties and projects as assigned

Requirements:

• Excited about what Alpaca is building and ready to take a leadership role across our most ambitious crypto programs
• Bachelor's degree in computer science, engineering, finance, or equivalent
• 8+ years of experience in Product Management, Engineering, and/or starting a startup, with senior-level ownership in crypto, brokerage, exchanges, or financial infrastructure
• Demonstrated ownership of regulated crypto products at production scale across any of the following: borrow / lend / earn, multi-asset cross-margin, custody, on-chain settlement, tokenization, or stablecoin / payment rails
• Direct experience navigating US crypto regulatory frameworks — NY DFS BitLicense, SEC transfer-agent rules, FinCEN, FINRA broker-dealer rules, and SEC tokenized-securities frameworks
• Track record of taking partnership programs from idea to launch to PR to growth
• AI-native PM workflow; AI is part of your daily stack in getting work done
• Business acumen to understand tradeoffs between stakeholders and technology feasibility with time and budget constraints
• Hands-on web3 / on-chain engineering fluency — wallets, L1/L2, atomic on-chain mint flows, MEV-aware design
• Experience with tokenized money market funds, tokenized securities, RWA issuance, or other regulated tokenized-asset products
• Direct experience launching crypto borrow / lend, prime brokerage, or cross-margin products at scale
• Familiarity with onchain settlement layers (including broker-dealer integration patterns) and stablecoin payment rails
• Direct experience navigating SEC / DFS / FINRA in a startup setting, not just at a large bank or exchange
• Background combining regulated financial product context (broker-dealer, exchange, custodian) with crypto-native infrastructure