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Bybit, a leading global cryptocurrency exchange and digital financial platform serving 80+ million users across 200+ countries, is seeking a Senior Product Manager to lead the development of Real-World Assets (RWA) products, specifically Direct Stocks and Tokenized Stocks.
In this role, you will own end-to-end product planning and delivery across core modules including accounts, assets, trading, market data, fund settlement, and corporate actions. You will interface directly with overseas brokers, clearing houses, custodians, and tokenized stock issuers to drive API integration, business process design, system testing, and product launches.
Key responsibilities include:
- Designing US equity trading product capabilities, including order types (market, limit, conditional), trading sessions (pre-market, regular, after-hours, overnight), buying power management, order freezes, settlement deductions, and unsettled funds handling
- Implementing market data display, NBBO, price protection, and abnormal market data fallback mechanisms
- Managing corporate actions workflows: dividends, stock splits, reverse splits, M&A, and delistings
- Integrating Direct Stocks with existing account systems, fund accounts, and trading infrastructure; designing fund flows for deposits, FX conversion, transfers, settlement, reconciliation, and withdrawal restrictions
- Designing mStocks (tokenized stocks) product mechanics, including token issuance, subscription/redemption, minting/burning, asset custody, price pegging, liquidity, and on-chain trading workflows
- Collaborating with compliance, legal, finance, risk, engineering, and operations teams to ensure market access, investor suitability, and risk control across jurisdictions
- Conducting competitive analysis and producing product iteration proposals
Requirements:
- 3+ years of experience in trading products, with background in US equities, securities trading, brokerage, tokenized stocks, or RWA products
- Familiarity with Direct Stocks business model and understanding of brokers, introducing brokers, clearing brokers, custodians, and market makers
- Proficiency in core securities trading processes: orders, fills, positions, buying power, T+1 settlement, unsettled cash, omnibus/sub-accounts, prefunding, net settlement, reconciliation, corporate actions, and dividend tax
- Knowledge of US equity trading sessions, order types, time-in-force, circuit breakers, NBBO, SIP market data, and price protection mechanisms
- Understanding of Tokenized Stocks/mStocks architecture: on-chain issuance, reserve assets, subscription/redemption, liquidity management, price pegging
- Strong systematic product design skills with ability to independently deliver business process design, product architecture, state machines, exception handling, and reconciliation solutions
- Strong English communication skills for direct engagement with overseas brokers, vendors, and partner institutions
- Detail-oriented approach to trading mechanics and fund security with strong cross-functional coordination and complex project management capabilities
