Lead Product Manager, Tokenization

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Reports to:

Head of Product

Position Overview

Bullish is building the institutional rails for tokenized securities, bringing issuance, trading, and settlement onchain across equities, money market funds, and real-world assets. We are looking for a Lead Product Manager to own this product domain end-to-end and to help set its strategy.

This is a senior individual contributor role for someone who operates as the recognized product authority on tokenization. You will define how traditional market infrastructure connects to digital asset rails, shape Bullish's positioning in a fast-moving regulatory and competitive landscape, and turn that strategy into shipped, institutional-grade products. You will work directly with exchange leadership, our Equiniti partners, regulators, issuers, and Engineering to deliver capabilities that move the market, not just the roadmap.

Where a Senior PM executes a defined product, this role helps define the product space. You will make the foundational decisions (token architecture, settlement model, registry and transfer-agent integration, compliance design) that everything downstream depends on, and you will be measured on market outcomes such as launching tokenized trading and settlement at scale.

Responsibilities:

• Support the end-to-end product vision and multi-year strategy for the Bullish tokenization platform, spanning the full asset lifecycle (issuance, secondary trading, settlement) and the core operations that run it.

• Make the foundational platform decisions everything else depends on: token architecture, compliance-aware transfer restrictions, the settlement model (including the path from traditional T+1/T+0 rails to atomic, on-chain delivery versus payment), and the conversion path 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 (issuance, burning, pausing, revaluation) and configurable multi-organizational approval workflows across issuers, transfer agents, and the exchange, and own the 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 (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 (APIs, SDKs, documentation, sandbox parity) and distribution model so that brokers, neobanks, and wealth platforms can run on Bullish rails, treating integrating developers and partners as first-class customers, and architect approac