--- title: 'Staff Product Manager, Institutional Credit at Morpho' canonical: 'https://feeny.ai/job/staff-product-manager-institutional-credit-morpho-united-states-0njw0g1trby7' type: 'job' last_seen: '2026-11-12' --- # Staff Product Manager, Institutional Credit at Morpho - **Company:** Morpho - **Location:** United States - **Employment:** full-time - **Work type:** remote - **Posted:** 2026-11-12 - **Last confirmed live:** 2026-11-12 - **Apply:** https://jobs.ashbyhq.com/morpho/076703f0-d899-43bb-8db9-4c00c355e6c4 ## Job description ## About Morpho Morpho is a leading Decentralized Finance (DeFi) lending protocol backed by a16z crypto, Paradigm, Ribbit Capital, Apollo, Vaneck, Coinbase Ventures, Variant and 50 others to build an open credit network giving anyone, anywhere, access to the best possible terms. Morpho is experiencing exponential adoption, with over billion in deposits on the network and used by institutional clients including Bitwise, Galaxy, and Anchorage Digital and the largest crypto exchanges, such as Coinbase, Binance, and Kraken. Now, Morpho is scaling its team of contributors to establish itself as the open credit network, not just of DeFi, but of the world. ## Why Morpho Exists Everyone has the potential to build something great for the world. But fulfilling that ambition almost always requires more: people willing to trust you with their capital. Yet access to capital still depends on where you live, who you know, and which institutions are willing to trust you. Even when capital is available, it sits fragmented across disconnected networks and hidden behind intermediaries. The result is a system that fails most of the people it should serve. Borrowers overpay. Lenders earn less than they should. Many are shut out entirely, not because they are unworthy of credit, but because today's infrastructure was never built to connect them. Morpho exists to solve this. Full article [here](https://morpho.org/blog/why-morpho-exists/). Location New York preferred. Remote is possible between GMT-5 and GMT+2. ## Role Banks, asset managers and token issuers are bringing stocks, funds and other real-world assets onchain. Those assets become far more useful once their holders can borrow against them and lend them out. Midnight, Morpho's fixed-rate, fixed-term lending protocol, gives institutions the predictable terms they need to do that. This role owns the products that make Morpho the credit layer for institutional assets, spanning tokenized equities and funds as collateral, loans backed by assets held with a qualified custodian, and the onchain equivalents of repo and securities lending. Close partnership with institutions is central to this role. You will develop a detailed understanding of how they operate across trading, custody and compliance, and translate their requirements into products that scale across many partners. ## Responsibilities - Own the vision, strategy and roadmap for institutional credit on Morpho, end to end. - Act as Morpho's domain expert on the institutional market. Go deep with issuers, asset managers, banks, custodians and brokers on how they finance and lend assets, represent Morpho with them, and turn conflicting input into precise problem statements and requirements. - Decide which issuers and asset types come first, which wait and which Morpho declines, and make the trade-offs explicit. - Judge which partner-specific requests become standard capabilities many institutions can use, and make the build or partner call for each. - Work as a peer to the protocol team on design trade-offs, bringing legal and risk in early on custody, transfer restrictions, valuation and liquidation for each asset type. - Drive each initiative from problem definition through launch and adoption, across teams you do not manage. Define success before launch, measured in active loans. What Success Looks Like First 30 days You understand Morpho's lending stack and what Midnight makes possible. You have met protocol, markets, vaults, solutions, business development and legal, and joined live conversations with issuers and asset managers. You have written down where the issuer product stands and what blocks its first launch. First 3 months The first issuers are onboarding to a defined product with standard terms. You have a ranked view of the next two institutional loan types, backed by partner evidence, with named partners in conversation for each. First 6 months Issuers are live and holders of their assets are borrowing. A second institutional loan type has a working proof of concept with real counterparties. New institutions onboard through a repeatable process, not a custom project. Must Have Experience & Skills - Shipped products for institutional users in capital markets or securities finance: repo, securities lending, prime brokerage, collateral management, custody or tokenized assets. - A track record of taking a product from zero to one, where you found the opportunity and carried it through launch. - Working knowledge of how institutions hold, finance and lend assets, and of the regulatory and operational constraints that shape those products. - Comfortable leading conversations with senior people at banks, asset managers and issuers, and turning them into clear requirements. - Able to deliver through influence across teams, without a dedicated engineering team. - Clear writing and speaking for technical and non-technical audiences. - Creates clarity and drives decisions in ambiguous situations, and acts without waiting to be told. - Team-first mindset, low ego. ## Nice to Have - Experience with onchain lending, tokenization or digital asset custody. - Time on both sides: at a traditional financial institution and at a technology company. - Has been a founder, or owned a new product line end to end. ## Perks & Benefits We design benefits around deep work and growth, so you can do the best work of your career. Expect fair, top-tier compensation, real flexibility, time together in Paris, great health coverage, and support to keep learning. ## Equal Opportunity We welcome applicants from all backgrounds and hire based on talent, potential, and values alignment. ## About Morpho ## Company Overview - **One-liner**: Morpho is an open, decentralized credit network that provides enterprise-grade infrastructure for businesses to build, embed, and scale onchain lending and borrowing products. - **Entity Type**: Private (Venture-backed; last round: Series A+ led by Ribbit Capital) - **Headquarters**: Paris, France - **Founded**: 2021 - **Founders**: Paul Frambot (Co-founder & CEO), Merlin Egalite (Co-founder) ## Core Business - **Primary Industry**: Decentralized Finance (DeFi) / Onchain Lending Infrastructure - **Target Customers**: B2B — exchanges (e.g., Coinbase, Crypto.com), fintechs, banks, regulated institutions, and risk curators building lending/borrowing products. - **Mission Statement**: "Power human ambition with open access to capital." ## Products & Services - **Morpho Blue** *(Protocol/Infrastructure)*: A permissionless, immutable lending protocol with isolated markets (1 loan asset + 1 collateral asset per market). Serves as the foundation of the lending ecosystem. - **Morpho Vaults** *(Platform)*: Curated lending vaults that allow independent risk experts to build businesses around differentiated risk profiles, auto-allocating deposits across Morpho Markets. - **Morpho Optimizer** *(Optimization Layer)*: An optimization layer (now superseded by Morpho Blue) that initially improved interest rates for users on top of Aave and Compound. ## Market Standing - **Valuation**: Not disclosed (privately held). - **Key Metric — Total Deposits**: Over $13B in deposits (as of early 2026), up from $5B during 2025. Active loans reached $4B+. RWA deposits grew to $400M by Q3 2025. - **Key Metric — Total Funding**: $69.2M in total funding across 4 rounds. - Seed (2021): $1.2M (while founders were still at university) - Series A (2022): $18M led by a16z crypto & Variant - Venture Round (2024): $50M led by Ribbit Capital - **Notable Investors/Partners**: a16z crypto, Variant, Ribbit Capital, Pantera Capital. - **Notable Integrations (Business Customers)**: Coinbase (crypto-backed loans, its largest DeFi integration), Crypto.com, Gemini, Ledger, Lemon, Société Générale Forge, Bitget, and many other regulated institutions. - **Growth Signals**: User growth from 67,000 to 1.4M+ users (+2,000%+). Headcount grew 39.2% YoY to 52 employees, with 10 open roles in 2026. Expanding into institutional and regulated banking sector partnerships. ## Competitive Advantages - **Open & Permissionless but Secure**: Morpho is immutable, non-custodial, and permissionless, yet employs enterprise-grade security practices including tier-1 audits and a $2.5M bug bounty. Committed to formal verification. - **Flexible, Isolated Markets**: Unlike monolithic protocols (e.g., Aave), Morpho uses isolated, single-asset markets that can be composed into any risk profile, allowing depositors granular control over exposure. - **Liquidity Network Effect**: With $13B in deposits, Morpho provides the deepest onchain liquidity, creating a strong moat for attracting more builders and institutions. - **Top-Tier Backing & Adoption**: Backed by a16z, Variant, and Ribbit Capital, with integrations from the largest crypto exchanges globally — signaling trust and scalability. ## Strategic Focus - **Institutional Adoption**: Actively targeting banks, regulated institutions, and fintechs to embed onchain credit solutions. Société Générale Forge is a key strategic win. - **Real-World Assets (RWA)**: Growing the RWA deposit volume, which expanded from near zero to $400M in 2025. - **Geographic Expansion**: Operating in 12 countries (US, UK, Switzerland, Portugal, Singapore, NZ, etc.), with dedicated roles for APAC and Americas regions. - **Talent Acquisition**: Scaling the engineering and institutional sales teams aggressively, particularly for Protocol Engineers, Security Engineers, and strategic account managers. ## Why Work Here - **Culture & Values**: Values include "Justify Everything" (challenge all decisions with rationale), "Bias for Action," "Laser-Focused," and "Simplicity." The team expects high output but supports its talent with top compensation and autonomy. - **Remote-First with Global Offices**: Flexible work policy — remote or from their Paris headquarters. Remote employees get an allowance to visit Paris 3x a year. All employees have access to Spaces co-working offices globally (585+ locations). - **Compensation & Perks**: Base salary in top 10% globally. Full-time contributors receive MORPHO token grants. Health insurance worldwide. Professional development budget for courses and conferences. Relocation packages available for Paris. - **High-Impact Work**: Tackling fundamental problems in a nascent market — re-building the global credit system onchain. The engineering team is publicly highlighted as a core strength in the 2026 update. - **Hiring Process**: 3–6 weeks: (1) Talent Lead interview, (2) Manager interview, (3) Case study, (4) Co-founder interview. ## Sources 1. [morpho.org](https://morpho.org/) 2. [linkedin.com](https://www.linkedin.com/company/morpho-association) 3. [morpho.org/jobs](https://morpho.org/jobs) 4. [morpho.org/faq](https://morpho.org/faq/) 5. [morpho.org/blog/morpho-2026](https://morpho.org/blog/morpho-2026/) ## Other roles at Morpho - [Head of Communications](https://feeny.ai/job/head-of-communications-morpho-united-states-mqchxsda0tqv) — United States - [Senior IT Engineer](https://feeny.ai/job/senior-it-engineer-morpho-france-ds1tyjhjc1vv) — France - [Head of Security](https://feeny.ai/job/head-of-security-morpho-paris-aad0r2vv27gh) — Paris, France - [US Policy Lead](https://feeny.ai/job/us-policy-lead-morpho-united-states-584y35dsbcvb) — United States - [Commercial Counsel](https://feeny.ai/job/commercial-counsel-morpho-united-states-y0b9arvy9pnw) — United States - [Product Manager (Protocol)](https://feeny.ai/job/product-manager-protocol-morpho-paris-4qgwkfxxyvwc) — Paris, France - [Account Manager](https://feeny.ai/job/account-manager-morpho-new-york-wpvqe9xrmfqp) — New York, NY - [Staff Product Manager, Payments](https://feeny.ai/job/staff-product-manager-payments-morpho-united-states-vq3c67501zgm) — United States - [Revenue Operations Manager](https://feeny.ai/job/revenue-operations-manager-morpho-paris-tdtt8cg0fy19) — Paris, France - [Senior Business Development Manager, Fintechs](https://feeny.ai/job/senior-business-development-manager-fintechs-morpho-united-states-9153h1515dw1) — United States