RWA Product Manager

Role Overview

RWA Product Manager at Bybit, a leading cryptocurrency exchange and digital financial platform. This role is based at Bybit's global headquarters and covers product planning and delivery for Direct Stocks and Tokenized Stocks.

Company Overview

Established in 2018, Bybit is one of the world's leading cryptocurrency exchanges and digital financial platforms, serving over 80 million users across more than 200 countries and regions. Bybit delivers a seamless ecosystem across trading, payments, wealth management, custody, institutional services, and Web3. The company is recognized as one of the most trusted and transparent platforms in the digital asset industry, with 24/7 multilingual customer service and a strong commitment to innovation.

Role Purpose

Lead the product planning and delivery of Direct Stocks and Tokenized Stocks offerings, managing core modules across accounts, assets, trading, market data, fund settlement, and corporate actions. Drive integration with overseas brokers, clearing houses, custodians, and tokenized stock issuers to deliver market-ready products that connect users to digital finance infrastructure.

Key Responsibilities

Product Planning & Delivery

• Own product planning and delivery of Direct Stocks and Tokenized Stocks, covering core modules including accounts, assets, trading, market data, fund settlement, and corporate actions.
• Design US equity trading product capabilities, including order types (market orders, limit orders, conditional orders), trading sessions (pre-market, regular hours, after-hours, overnight), buying power, order freezes, trade settlement deductions, and unsettled funds management.
• Design market data display, NBBO, price protection, and abnormal market data fallback mechanisms.
• Design corporate actions handling, including dividends, stock splits, reverse splits, mergers and acquisitions, and delistings.

Integration & Technical Design

• Interface with overseas brokers, clearing houses, custodians, and tokenized stock issuers to drive API integration, business process design, system joint testing, and product launch.
• Integrate Direct Stocks with the platform's existing account system, fund accounts, and trading infrastructure.
• Design fund flows including deposits, FX conversion, transfers, settlement, reconciliation, and withdrawal restrictions.

mStocks Product Design

• Own mStocks product mechanism design, including token issuance, subscription/redemption, minting/burning, asset custody, price pegging, liquidity, and on-chain trading workflows.

Cross-Functional Collaboration

• Collaborate with compliance, legal, finance, risk control, engineering, and operations teams to drive product market access, investor suitability management, and risk control solutions across different countries and regions.
• Continuously research and produce competitive analysis and product iteration proposals.

Qualifications & Experience

• 3+ years of experience in trading products, with background in US equities, securities trading, brokerage, tokenized stocks, or RWA products.
• Familiar with the Direct Stocks business model, with an understanding of the roles of brokers, introducing brokers, clearing brokers, custodians, and market makers.
• Proficient in core securities trading processes, including orders, fills, positions, buying power, T+1 settlement, unsettled cash, omnibus accounts, sub-accounts, prefunding, net settlement, reconciliation, corporate actions, and dividend tax.
• Familiar with US equity trading sessions, order types, time-in-force (TIF), circuit breakers, NBBO, SIP market data, and price protection mechanisms.
• Understand the business architecture of Tokenized Stocks and mStocks, including on-chain issuance, reserve assets, subscription/redemption, liquidity management, and price pegging mechanisms.

Skills & Competencies

• Strong systematic product design skills — able to independently deliver business process design, product architecture, state machines, exception handling, and reconciliation solutions.
• Strong English communication skills, capable of directly engaging with overseas brokers, vendors, and partner institutions to drive requirements and resolve issues.
• Detail-oriented regarding trading mechanics and fund security.
• Strong cross-functional coordination and complex project management capabilities.

Additional Information

Professional Development & Benefits

• Study Growth Fund: Support for professional development and continuous learning.
• Internal Events: Participate in regular team-building activities, workshops, and events designed to promote collaboration and innovation.
• Global Collaboration: Work alongside colleagues from around the world in a diverse, international team.
• Career Advancement: Access opportunities for growth and advancement within a rapidly expanding global company.
• Internal Mobility: Grow with the company through internal job opportunities to help build your career path.