---
title: 'Capital Market Associate at Gauntlet'
canonical: 'https://feeny.ai/job/capital-market-associate-gauntlet-new-york-bt3jhcbx7nw8'
type: 'job'
last_seen: '2026-09-08'
---

# Capital Market Associate at Gauntlet

- **Company:** Gauntlet
- **Location:** New York, NY
- **Work type:** remote
- **Posted:** 2026-06-30
- **Last confirmed live:** 2026-09-08
- **Apply:** https://jobs.lever.co/gauntlet/762133af-1796-4f50-a5ef-aa3628e5148e

## Job description

## About Gauntlet

Gauntlet builds the financial systems of the future. While much of on-chain finance is focused on point solutions, we operate across the entire stack to offer best-in-class vault products. Today we serve over $1.5B in client TVL across some of the largest fintechs/neobanks, protocols, exchanges, and capital allocators in crypto — and, increasingly, traditional asset management. Our team brings together traditional finance and crypto-native expertise to deliver durable, sophisticated products for institutional clients moving on-chain.

## The role

The Capital Markets team sources institutional borrow demand into Gauntlet's credit markets, structures terms, and operates the resulting book over time. You will work directly with institutional counterparties, including market makers, OTC desks, trading firms, KYC-regulated borrowers, and tokenized asset issuers, to source, structure, and close credit relationships. You will own the process end-to-end. Long-term relationship maintenance, renewal, and expansion are part of the role.

## What you'll do;

- Originate institutional borrow demand across collateralized lending, trading and hedging strategies, structured credit, and liquidity products — from prime brokerages, trading firms, and asset-backed lending partners.
- Build the borrower pipeline across three segments: (1) unique-market-access counterparties (e.g. RWAs); (2) committed-supply-at-scale borrowers (market makers, OTC desks, trading desks); (3) KYC-gated counterparties (regulated borrowers who cannot legally use open pools).
- Structure and close term sheets — negotiate rate, term, size, and collateral; coordinate KYC, gating, and onboarding through to close.
- Maintain the book you originate. Long-term relationship maintenance, renewal, and expansion are owned by Capital Markets.
- Operationalize and document the first on-chain borrow products (starting with our current pilot) so the process is repeatable as deal volume grows, and manage inbound interest as we execute more deals.
- Work cross-functionally with Credit Risk, Strategy & Growth, Product, and Engineering on operational integration
- Contribute to credit terms guidance (what we offer, minimum rate, maximum term) set with Credit Risk.

What success looks like; First 30 days. Ramp on Gauntlet's infrastructure and partnerships across lending markets, vaults and structured products. Meet the key internal stakeholders across Credit Risk, Strategy and Growth, Product, and Engineering, as well as counterparties in the existing book. Develop a clear view of the current pipeline and identify the gaps.

First 3–6 months. Operating your own pipeline across the three borrower segments. Live on term-sheet negotiations and closed (or nearing close on) your first institutional credit relationship at Gauntlet. Established as the Capital Markets point of contact for at least one institutional counterparty, with the relationship owned end-to-end.

In 1 year. Originated and closed multiple institutional credit relationships, contributing meaningful incremental book size. Operating an owned book with a consistent maintenance, renewal, and expansion cadence. Recognized internally and externally as a Gauntlet voice on institutional borrow origination. Contributed reusable playbooks and terms guidance that compress future deal cycles for the Capital Markets team.

## What you bring;

- 2–6 years in Investment Banking, Leveraged Finance, or Capital Markets at a leading sell-side institution. Sell-side experience is preferred, though exceptional buy-side candidates will be considered.
- Direct experience with financing transactions, debt raises, warehouse facilities, asset-backed financing, structured credit, or other capital-markets products.
- Credit / leveraged-finance grounding: comfort with collateralization, liquidity, leverage, covenants, counterparty risk, and funding costs.
- Exposure to transaction execution: financial analysis, credit assessment, due diligence, term-sheet negotiation, documentation, syndication, and deal closing.
- Experience managing institutional client relationships (corporates, financial institutions, asset managers, market makers, trading firms, funds).
- Exceptional written and verbal communication.

Who We're Looking For

- Naturally curious about digital assets, DeFi, and the evolution of institutional finance. Prior crypto experience is not required.
- Someone who enjoys both origination and execution. You are comfortable sourcing opportunities, developing client relationships, negotiating economics, and driving transactions through closing.
- Comfortable operating in an entrepreneurial environment with significant autonomy and responsibility. You want ownership and early direct impact.
- Relationship-oriented. You enjoy developing long-term client partnerships, managing complex sales cycles, and building repeat business.

Bonus points

- Existing relationships with funds, market makers / OTC desks, exchanges, asset managers, trading firms, and/or institutional borrowers.
- Experience with repo, securities financing, structured lending, warehouse facilities, fund financing, prime brokerage, or other institutional credit products.
- Exposure to private credit, asset-backed finance, specialty finance, or structured products.
- Prior experience with digital assets, stablecoins, or on-chain infrastructure.

## Benefits and Perks;

- Remote first - work from anywhere in the US & CAN!
- Regular in-person company retreats and cross-country "office visit" perk
- 100% paid medical, dental and vision premiums for employees
- $1,000 WFH stipend
- Monthly reimbursement for home internet, phone, and cellular data
- Unlimited vacation
- 100% paid parental leave of 12 weeks
- Fertility benefits
- Opportunity for incentive compensation

Please note at this time our hiring is reserved for potential employees who are able to work within the contiguous United States and Canada. Should you need alternative accommodations, please note that in your application.

The national pay range for this role is $140,000 - $175,000 base plus additional On Target Earnings potential by level and equity in the company. Our salary ranges are based on paying competitively for a company of our size and industry, and are one part of many compensation, benefits and other reward opportunities we provide. Individual pay rate decisions are based on a number of factors, including qualifications for the role, experience level, skill set, and balancing internal equity relative to peers at the company.

#LI-Remote

## About Gauntlet

## Company Overview
- **One-liner**: Gauntlet provides quantitative risk management and yield optimization infrastructure for decentralized finance (DeFi) protocols and institutions.
- **Entity Type**: Private (Series C, $125M led by SBI Holdings, closed July 2026)
- **Headquarters**: New York City, USA (with remote options and offices in San Francisco, Los Angeles)
- **Founded**: 2018
- **Founders**: Tarun Chitra (CEO) and Rei Chiang (CTO)

## Core Business
- **Primary industry**: DeFi / Blockchain / Quantitative Risk Management / Asset Management
- **Target customers**: B2B – DeFi protocols, crypto exchanges, wallets, asset issuers, financial institutions
- **Mission**: “Driving adoption and understanding of the financial systems of the future” by applying rigorous quantitative simulation and optimization to DeFi

## Products & Services
- **[Gauntlet Vaults](https://www.gauntlet.xyz/)**: Full-stack, self-custodial yield strategies for institutions, rebalancing across lending, restaking, and multi-strategy vaults. Integrates with apps via APIs.
- **[Risk Management Platform](https://www.gauntlet.xyz/about)**: Model-driven risk monitoring and simulation for protocols, covering over 400 million data points daily across a dozen L1s/L2s.
- **[Applied Research](https://www.gauntlet.xyz/about)**: Published 40+ research papers (1,000+ citations) on crypto-native economics and risk, partnered with Compound, Uniswap, NEAR, Decibel, and more.
- **[Partner Solutions](https://www.gauntlet.xyz/)**: Embedded yield for wallets (e.g., Privy, KAST) and treasury management (e.g., Utila, SCRYPT).

## Market Standing
- **Valuation**: Not disclosed
- **Key Metrics**:
  - Total Value Locked (TVL) in Gauntlet vaults: $1.3 billion (self-custodial)
  - Client Assets Protected: $42 billion
  - Assets under vault management: $1.6 billion+
  - 150+ institutional clients
- **Notable Investors/Partners**:
  - Lead investor in Series C: SBI Holdings [$125M, July 2026](https://www.gauntlet.xyz/)
  - Early backers include Paradigm, Pantera, Coinbase Ventures (inferred from earlier rounds, not explicitly listed in provided sources; we only have Series C disclosed)
  - Key partners: Morpho, Penfle, Aera, Compound, Uniswap, NEAR, Privy, KAST, Utila, SCRYPT
- **Growth Signals**:
  - Closed $125M Series C in July 2026, led by SBI Holdings, signaling strong institutional interest
  - Processed a $775M supply event in 10 days with full APY recovery (Oct 2025)
  - Expanded from pure risk management into yield vaults; now powering 500K+ users via KAST neobank

## Competitive Advantages
- **Quantitative rigor**: Founders bring deep experience from HFT, physics simulations, and self-driving vehicle marketplace modeling, applied to DeFi.
- **Proven track record**: 8+ years of managing risk for the largest DeFi protocols with no major capital loss events (across multiple market cycles).
- **Full-stack offering**: Combines risk management, yield optimization, and onchain infrastructure (via Aera) – rare in the industry.
- **Institutional-grade security**: Multi‑layer security for both onchain and offchain surfaces, audited by top firms (implied by “institutional-grade” on homepage).

## Strategic Focus
- **Global expansion**: Series C led by SBI Holdings (Japan) indicates a push into Asian institutional markets.
- **Embedded yield**: Partnering with wallets (Privy) and neobanks (KAST) to bring DeFi yield to mainstream users.
- **Deepening protocol relationships**: Continued applied research and risk management for major DeFi primitives (Compound, Uniswap, Morpho).
- **Scale infrastructure**: Growing data pipeline (400M+ data points/day) and supporting more L1/L2 chains.

## Why Work Here
- **Culture**: “Relentless focus” on quantitative optimization and rigorous research – a team of data scientists, Solidity engineers, economists, and HFT veterans from top firms and universities.
- **Remote & Office**: Fully remote-friendly with hubs in New York, San Francisco, and Los Angeles.
- **Compensation & Benefits**: Competitive salary, full benefits, and gym membership coverage. [gauntlet.network/careers](https://gauntlet.network/careers/)
- **Note on hiring**: Gauntlet uses AI tools to assist in resume screening but emphasizes human oversight in final decisions.

## Sources
1. [gauntlet.network/about](https://gauntlet.network/about/) – Founders, history, background
2. [gauntlet.network/careers](https://gauntlet.network/careers/) – Culture, benefits, remote policy
3. [jobs.lever.co/gauntlet](https://jobs.lever.co/gauntlet) – Current openings, AI hiring disclosure
4. [gauntlet.xyz/about](https://www.gauntlet.xyz/about) – Detailed metrics, partners, research papers
5. [gauntlet.xyz](https://www.gauntlet.xyz/) – Corporate homepage, Series C announcement, vault data

## Other roles at Gauntlet

- [Business Development, US](https://feeny.ai/job/business-development-us-gauntlet-new-york-tb9z95qp4aqj) — New York, NY / San Francisco, CA / Los Angeles, CA
- [Business Development, APAC](https://feeny.ai/job/business-development-apac-gauntlet-singapore-5q0206cqvjgj) — Singapore, Singapore / Hong Kong, China
- [Head of Compliance](https://feeny.ai/job/head-of-compliance-gauntlet-new-york-z06qvrnt1x3x) — New York, NY / San Francisco, CA / Los Angeles, CA
- [Quant Developer](https://feeny.ai/job/quant-developer-gauntlet-new-york-9ch8fzfqmpx4) — New York, NY / San Francisco, CA / Los Angeles, CA
- [Senior Security Engineer](https://feeny.ai/job/senior-security-engineer-gauntlet-new-york-h0h9r6fhpqde) — New York, NY
- [Credit Risk Researcher](https://feeny.ai/job/credit-risk-researcher-gauntlet-new-york-22dx2jxk7x8b) — New York, NY