Staff Product Manager, Tokenization

The work

Capital markets still settle on infrastructure built decades ago. Trillions of dollars in fund assets sit idle in settlement delays and collateral buffers because no rail can move legal title in real time. We are building that rail on the XRP Ledger, and it is already live: tokenized funds exist on XRPL today as Multi-Purpose Tokens (MPTs), moving as collateral across issuance, distribution and repo with some of the world's largest asset managers and custodians.

You will own the two protocol workstreams that decide how far this goes.

Token standards. MPTs need to grow from a fund token into a complete issuance framework for institutions: asset restrictions, corporate events, programmable behavior. Get this right and the next wave of assets (commercial paper, commodities, bonds, equities) can be issued, held and mobilized natively on a public ledger. Each asset class brings its own rules, and you will determine what fits within the protocol and what remains outside it.