Senior Product Counsel, Figure
Crypto
$212.5-318.8k
Plus 25% annual bonus target, paid quarterly and Company equity in the form of RSUs
More information about location
Blockchain-powered digital lender
Open for applications
Blockchain-powered digital lender
501-1000 employees
Open for applications
$212.5-318.8k
Plus 25% annual bonus target, paid quarterly and Company equity in the form of RSUs
More information about location
501-1000 employees
Company mission
To transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- 10+ years as outside or in-house counsel for financial services firms, with deep securities and crypto industry experience; broker-dealer, ATS/exchange, investment adviser, OTC trading, or virtual asset money transmitter background preferred
- Substantial expertise in the Securities Act of 1933 and Securities Exchange Act of 1934, with working knowledge of the Investment Advisers Act and Investment Company Act
- Fluency in the current U.S. digital asset regulatory landscape, including the GENIUS Act, pending market structure legislation, and SEC/CFTC jurisdictional developments; regulatory agency experience (SEC, CFTC) a plus
- Product counseling experience with blockchain, crypto, and securities products, including RWA tokens, stablecoins, smart contracts, and digital wallets
- Strong negotiation skills on financial agreements (prime brokerage, trading, lending, derivatives, custody)
- Comfort operating in ambiguity and giving clear, decisive advice where the law is unsettled
- Genuine interest in digital assets, DeFi, and decentralized applications
- J.D. and membership in good standing with at least one state bar
- Excellent written, oral, and interpersonal communication skills; ability to own, organize, and manage multiple projects simultaneously
- Adhere to all company security policies and data handling procedures
- Complete mandatory security awareness training within required timeframes
- Promptly report any suspected security incidents or suspicious activity to the Security team
What the job involves
- We are looking for a Senior Product Counsel to innovate at the intersection of crypto and securities law at Figure, a Nasdaq-listed financial technology company building financial markets on blockchain
- Figure operates at scale where few others do: a marketplace for issuing and trading digital assets (both securities and non-securities), an SEC-registered yield-bearing stablecoin (YLDS), tokenized real-world assets originated through our lending and Figure Connect businesses, and prime brokerage and trading products
- You will provide day-to-day product counseling and help shape Figure's position as U.S. digital asset regulation is rewritten in real time, including stablecoin legislation, pending market structure reform, and active SEC and CFTC rulemaking. Both in-person in San Francisco or New York and remote workers considered
- Serve as primary legal partner to markets-focused product teams across the full product lifecycle, conception, structuring, launch, operation, and sunset, for digital asset trading, stablecoin, tokenization, and prime brokerage products
- Advise on the application of federal securities laws to blockchain-native products, including registered digital asset securities, tokenized real-world assets, and exchange and ATS activity, in coordination with our broker-dealer and public company securities counsel
- Support YLDS and related stablecoin initiatives, including compliance with the GENIUS Act framework and its interplay with SEC-registered yield-bearing structures
- Monitor and translate fast-moving regulatory developments, market structure legislation, SEC and CFTC rulemaking and joint guidance, and state virtual currency regimes, into practical product guidance, and support comment letters and regulator engagement
- Counsel on custody, digital wallets, smart contracts, public blockchain protocol matters (including Provenance-based infrastructure), and cross-border considerations for a global marketplace
- Negotiate financial and trading agreements, including prime brokerage, trading, lending, custody, and market-maker arrangements
- Partner with Compliance on AML/sanctions considerations for digital asset products and with Marketing on compliant product communications
- Build relationships with ecosystem participants, banking partners, and affiliates
Our take
Figure is the largest non-bank provider of home equity lines of credit, disrupting the lending industry with its blockchain platform, Provenance. The platform works as a registry, ledger, and exchange; handling loans, mortgaging, private credit and private investment.
The company is one of few that offers users the option to leverage their cryptocurrency assets to get loans or mortgages. Betting heavily on the cryptocurrency market has presented both its ups and downs for Figure, but a successful IPO in 2025 suggests its position nowadays is steady.
As digital assets continue to gain mainstream acceptance, there should be ample opportunity for Figure to expand its reach in the future. The company's IPO was supported by Goldman Sachs, Jefferies and BofA Securities, and raised an impressive $787.5 million.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- 100% of premium costs for employees and dependents for medical, dental, and vision insurance
- Reimbursement for approved continuing education (eligible employees)
- 10 company-wide holidays plus one personal holiday
- Generous Flexible Time Away (FTA), Paid Time Off (PTO), and paid parental leave
- Bonus plan (eligible employees)
- Option to purchase a set number of shares of Figure's common stock (eligible employees)
Company HQ
Civic Center, New York, NY
Leadership
Mike Cagney
(Executive Chair & Co-founder)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President & Co-founder)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
Board Member at Cherry and Brex, at the latter of which they previously served as CFO/CBO and then COO. Was also CRO at SoFi.
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