---
title: 'Head of Capital Markets at Permian Labs'
canonical: 'https://feeny.ai/job/head-of-capital-markets-permian-labs-new-york-ty9jsk07pqr1'
type: 'job'
last_seen: '2026-10-15'
---

# Head of Capital Markets at Permian Labs

- **Company:** Permian Labs
- **Location:** New York, NY
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-04-13
- **Last confirmed live:** 2026-10-15
- **Apply:** https://jobs.gem.com/permianlabs-xyz/am9icG9zdDo47d7mlBokaJNGLVym2lFt

## Job description

Job Title: Head of Capital Markets Company: USD.AI Location: New York City, in-office Employment Type: Full-time

## About USD.AI

[USD.AI](http://usd.ai/) provides AI infrastructure operators with strategic, non-dilutive financing facilities essential for their scale requirements. The protocol delivers non-recourse loans secured by GPU infrastructure and asset level cashflows, offering capital providers exposure to liquid, transparent and tradable credit products secured by income-producing compute assets. Depositors are attracted to USD.AI’s stable, risk-adjusted yields of ~7–10%, backed by collateralized AI infrastructure loans. This is not a yield farm. It is a structured credit product with real borrowers, real assets, and institutional-grade underwriting. For more information, visit https://usd.ai/.

The Team Our team draws experience from Coreweave, DRW, Deutsche Bank, JP Morgan, Circle, and other leading tech and financial institutions. We are Series A-funded by Coinbase Ventures, PayPal, Framework, Dragonfly, and others. We’ve built financial products facilitating hundreds of millions in transaction volume across diverse asset types. We have no middle managers and move quickly from idea to execution.We value integrity, high-agency and the ability to operate in ambiguity above all else.

## The Role

The Head of Capital Markets role is a capital origination role responsible for building and owning USD.AI's global depositor base. You will identify, approach, and close relationships with individuals, family offices, crypto funds, and institutional allocators who are looking for yield-bearing exposure to AI infrastructure as an asset class. This is a Senior-level BD role for someone who already has a relevant warm network and knows how to navigate crypto-native capital. You understand what a sophisticated investor cares about. You can walk a fund manager through a collateralized lending structure and a yield curve in the same breath. Your job is to get it in front of the right people, build durable relationships, and secure >$5M tickets.

## Responsibilities

- Own the full capital origination pipeline — from prospecting to close to ongoing relationship management.
- Build and maintain relationships with crypto-native or capital-flexible flexible funds, family offices, HNWIs, and institutional allocators with deposit capacity of $5M+.
- Represent USD.AI at regional conferences, summits, and community events globally.
- Develop a deep understanding of the USD.AI protocol, yield mechanics, and collateral framework to speak credibly with sophisticated counterparties.
- Work closely with the founding team to develop region-specific positioning and collateral for outreach.
- Maintain a clean, current pipeline in our CRM with accurate deal stages, contact notes, and forecasted deposit volumes.
- Feed market intelligence back to the team — what objections are you hearing, what structures are prospects asking for, what's moving capital in the region right now.
- Coordinate with compliance and onboarding to ensure smooth KYC/AML processes for new depositors.

## Requirements

- 3–6 years of experience in crypto BD, institutional sales, private credit distribution, or a related capital markets role
- Existing diverse network of crypto-native and institutional capital allocators — you can book meetings on day one.
- Fluency in both DeFi and TradFi mental models: you can explain APY, collateral ratios, and credit risk in the same conversation.
- Excellent written and verbal communication skills. Bonus for fluency in Mandarin.
- Demonstrable history of crypto yield farming and active participation in related communities (private groups, meetups, etc.)
- Proven track record of closing large-ticket deals ($1M+) with sophisticated counterparties.
- Self-directed and comfortable operating with minimal process in a fast-moving startup environment.

## Nice to Have

- Experience at a crypto fund, digital asset prime broker, or DeFi protocol in a capital-facing role.
- Familiarity with structured credit products, private credit, or alternative yield strategies.
- Background in AI infrastructure, GPU compute, or adjacent technology sectors.

## What We Offer

- Competitive base salary
- Long-term token incentive package.
- Unlimited PTO.
- Health & wellness reimbursements.

## About Permian Labs

## Company Overview
- **One-liner**: Permian Labs builds on-chain credit infrastructure that finances AI compute hardware, enabling non-recourse loans secured by GPUs and other high-performance computing assets.
- **Entity Type**: Private (Series A)
- **Headquarters**: New York, NY, United States (additional office in Boston, MA)
- **Founded**: 2021
- **Founders**: Conor Moore, Ivan Sergeev, David Choi [tracxn.com](https://tracxn.com/d/companies/permian-labs/__w957Yr54vL1cVYGE9y9Y5KResro6ftm6tB2Fzc5xvhI)

## Core Business
- **Primary industries**: Fintech, Blockchain/DeFi, AI Infrastructure, Software Development
- **Target customers**: AI infrastructure operators, GPU owners/HPC data centers, institutional capital providers (crypto funds, family offices, HNWIs), and DeFi depositors seeking yield.
- **Mission/purpose**: Building liquid debt capital markets for hardware and compute assets — democratizing access to advanced computing power by unlocking capital through tokenized collateral.

## Products & Services
- **USD.AI**: On-chain credit protocol that bridges digital-asset liquidity to physical AI infrastructure. It powers real-world financing for AI hardware through tokenized collateral and non-recourse loans.
- **GPU Loans**: Financing secured by GPU hardware, offering custom quotes and immediate capital access based on GPU details and setup. Loans are non-recourse and backed by compute equipment and asset-level cashflows.
- **Plasma**: A deposit product/cap facility for AI infrastructure loans; Permian Labs has scaled it to a $500M cap, with reserved capacity for institutional depositors.
- **sUSDai**: Yield-bearing token representing deposits in USD.AI; depositors earn interest and principal from real AI revenue paid on-chain (e.g., 12.7% APR on a Compute Labs loan).
- **Protocol Infrastructure**: Smart contracts, risk engines, oracle systems, and on-chain mechanisms supporting lending, borrowing, and capital markets for compute assets.

## Market Standing
- **Valuation/Market Cap**: Not disclosed
- **Key Metric**: Total funding reported at **$49M** (per third-party data) with latest round a **$13M Series A** completed September 2025 (per PitchBook). Estimated annual revenue: **$1M** (third-party estimate).
- **Notable Investors/Partners**: Dragonfly (led seed round), Coinbase Ventures (strategic investment), Bullish Capital, Arbitrum Foundation, Breed VC, Flowdesk. Partners include QumulusAI, Compute Labs, and NVIDIA (event participation).
- **Growth Signals**:
  - Structured a **$500M non-recourse financing facility** through USD.AI for QumulusAI — described as the largest onchain-based credit facility ever created.
  - Hit the **$500M cap for Plasma** in September 2025.
  - Raised USD.AI deposit caps on Arbitrum to $250M due to strong demand.
  - LinkedIn followers grew **+186.9% year-over-year**; active job postings grew **+200% month-over-month**.
  - Expanding into APAC and Middle East capital origination.

## Competitive Advantages
- **First-mover in on-chain credit for AI infrastructure**: Permian Labs is one of the earliest protocols specifically financing GPU/compute assets via DeFi liquidity.
- **Non-recourse loan structure**: Loans are secured by hardware and asset-level cashflows, reducing borrower risk and enabling larger facilities.
- **Tokenized collateral**: Bridges traditional hardware assets with digital-asset liquidity, creating a new asset class for institutional and retail depositors.
- **Strong institutional backing**: Investors include Coinbase Ventures, Dragonfly, Bullish Capital, and Arbitrum Foundation.
- **Proven real-world traction**: Live loans on Arbitrum, first monthly payments from Compute Labs, and a record $500M facility demonstrate operating credibility.

## Strategic Focus
- **Scale USD.AI**: Expand deposit capacity, launch new products (e.g., Plasma), and increase the volume of GPU-backed loans.
- **Geographic expansion**: Build capital origination in APAC and the Middle East, targeting $5M+ depositors such as crypto funds, family offices, and HNWIs.
- **Institutional facilities**: Develop bespoke, syndicated loan facilities for institutional investors and large AI infrastructure operators.
- **AI integration**: Drive AI strategy and productization across borrower-facing web products and internal tools.
- **Deepen compliance and risk infrastructure**: Strengthen KYB/AML, wallet screening, and loan portfolio monitoring as the protocol scales.

## Why Work Here
- **Hybrid work environment**: Employees work a combination of remote and on-site in New York and Boston; some roles are fully in-office or remote-friendly.
- **Distributed team**: Workforce spans the US, Morocco, Thailand, and North Macedonia, offering a global, cross-cultural environment.
- **High-growth, well-funded startup**: With ~15–16 employees and $49M in funding, new hires can expect rapid ownership and direct impact.
- **Intersection of AI, blockchain, and fintech**: Opportunity to work on cutting-edge infrastructure at the convergence of three transformative industries.
- **Active hiring**: Open roles include Tech Lead (Sr. Fullstack Engineer), Capital Markets Analyst, Head of Capital Markets (APAC/ME), Compliance & Ops Manager, Ops Associate, Junior Frontend Engineer, and General Counsel.
- **Notable perks/culture signals**: Early-career roles come with rapid ownership; engineering culture emphasizes shipping scalable, secure fintech/DeFi features and collaboration with founders.

## Sources
1. [LinkedIn – Permian Labs](https://linkedin.com/company/permian-labs)
2. [Built In – Permian Labs Company Profile](https://builtin.com/company/permian-labs)
3. [Built In – Permian Labs Jobs](https://builtin.com/company/permian-labs/jobs)
4. [Tracxn – Permian Labs Company Profile](https://tracxn.com/d/companies/permian-labs/__w957Yr54vL1cVYGE9y9Y5KResro6ftm6tB2Fzc5xvhI)
5. [PitchBook – Permian Labs Profile](https://pitchbook.com/profiles/company/675270-

## Other roles at Permian Labs

- [Credit Analyst](https://feeny.ai/job/credit-analyst-permian-labs-new-york-jmpdjssvcx93) — New York, NY
- [Junior Frontend Engineer](https://feeny.ai/job/junior-frontend-engineer-permian-labs-new-york-yw5m65n4yd2r) — New York, NY
- [Head of Capital Markets](https://feeny.ai/job/head-of-capital-markets-basic-capital-new-york-tt38t3hmj5cn) — New York, NY