Product Manager: Stablecoin Issuance & Wallet Infrastructure (BlockTower)

About us:

Luno has spent over a decade making digital assets safe to own. Since 2013, we've helped millions of people across more than 40 countries buy, store and invest in crypto, working with regulators in every market and holding all customer crypto 1:1. That discipline built the licences, banking relationships, custody and compliance machinery that the next era of this market will run on

The financial system is moving on-chain. Stablecoins are the only digital asset class operating at institutional scale today, and while 98% of supply is dollar-pegged, roughly half of global payment flows are not. That gap is the opportunity, and it is largest in exactly the markets Luno has spent twelve years building in.

About the team

You will join the Product Management team building Luno’s institutional business: the activation, digital asset account infrastructure and issuance products that let businesses, institutions and partners operate on Luno’s rails. The portfolio spans Luno Institutional and BlockTower, the group’s stablecoin issuance business. You'll report to the Group Product Manager and work in the BlockTower pod with dedicated engineering and UX partners.

The role in a nutshell:

BlockTower is the group’s institutional stablecoin issuance business, starting with ZARU, the South African rand stablecoin. You'll own the products institutions touch: the self-service issuance platform, where treasury teams mint, redeem, distribute yield and report, and Wallet as a Service, which lets those institutions use and offer stablecoins inside their own  products and flows. Your job is to turn a working product into a repeatable one, and to build the foundation on which future local-currency stablecoins launch in new markets.

Your mission will be:

• The issuance platform: the portal, mint and redeem flows, yield distribution, user and access management, approval workflows, statements and reporting
• Wallet as a Service: how institutions embed wallets into their own platforms
• The boundary: What the platform needs from the underlying Luno infrastructure, and holding the line on what BlockTower owns itself
• Repeatability: the next currency, chain, market or wallet use case should be a configuration exercise, not a new build 
• Commercial shape: Take institutional customers live and convert every manual step in their journey into a self-service product
• Customer-centric: Spend real time with the customers themselves: treasury teams, payment providers, market makers and financial institutions, and let their operating reality shape the roadmap
• Build the controls institutions require to trust an issuer: auditability, segregation of duties, and reporting that their own compliance teams will accept

A little about you: 

• You have 3+ years of experience as a Product Manager, including taking a new product from zero to its first paying customers and then through the stage of making it repeatable
• You have built for institutional users: treasury, payments, capital markets or banking 
• You deeply understand stablecoins and the economics of issuance: reserves, yield, minting and redemption, and you can reason about how a product decision moves each of them
• You know your way around on-chain settlement - chains, custody, what moves on-chain versus off, well enough to make clear product trade-offs rather than defer them to engineering
• You are comfortable operating a young business inside a larger group: small team, broad remit, decisions made with limited information and a parent company whose infrastructure you depend on
• You work confidently in a regulated environment and can collaborate with legal and compliance on the controls a licensed issuer must carry
• You are credible in the room with institutional customers, you've been the named person in a treasury team, PSP, market maker or bank calls, and you've turned what those relationships taught you into a roadmap
• You use AI as part of how you work -in discovery, analysis, writing and prototyping, and you can show where it's changed your output, not just your tooling

Life at Luno:

• Remote but reachable work policy gives you the freedom to choose between working from home or the office.
• Plus the option to buy and sell up to 5 days leave
• Improve body and mind, with excellent private medical insurance
• Access to Learnably and our additional learning platforms for your personal and professional development
• 6 months primary caregiver leave
• Paw-ternity leave for your furry friend
• Annual Inspiration Day, in addition to your annual leave which increases based on your length of service! 
• A collaborative, friendly work community, with regular social events and virtual cooking, dancing, drawing and house planting classes hosted by our Lunauts
• Free lunch and snacks
• 0 fees up to a certain amount with Luno from the day you start.*

*Offer only available on Luno Instant Buy, not Luno Exchange

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

View all current vacancies at Luno →

1. Read the full job description and requirements on this page carefully before applying — tailor your application to what the employer actually asks for.
2. Update your CV and save it as a PDF. Make sure your contact details, most recent experience and qualifications are easy to find.
3. Click the apply button on this page to complete your application on Luno's own careers site. The employer manages the shortlisting process directly.
4. Have certified copies of your ID and qualifications ready. Many South African employers request them once you are shortlisted.
5. Applications close on 3 September 2026. Submit well before the deadline — late applications are normally not considered.
6. Keep a record of what you submitted and when. If you have not heard back within a few weeks of the closing date, it is acceptable to follow up politely.

If Luno shortlists you for the Product Manager: Stablecoin Issuance & Wallet Infrastructure (BlockTower) position, preparation makes the difference. Work through these steps:

• Research Luno before the interview — look for their official website, social profiles and any recent news. Interviewers expect you to know why you want to work there specifically.
• Go through the job description above and prepare a specific example from your own experience for each of the main duties. Most interview questions will be drawn from what the advert emphasises.
• Structure your answers with the STAR method — Situation, Task, Action, Result. Concrete stories with measurable outcomes are far stronger than general claims about your abilities.
• Prepare two or three thoughtful questions to ask the panel — about the team, how success is measured in the role, or growth opportunities. It signals genuine interest.
• Plan your logistics early. Confirm whether the interview is in person in Cape Town & Johannesburg or online, and arrive or log in at least ten minutes early.