Full-Time

Principal Protocol Engineer

Updated on 7/22/2026

Nasdaq

Nasdaq

5,001-10,000 employees

Global electronic securities exchange & fintech

Compensation Overview

$155k - $287k/yr

+ Bonus/Commission + Equity + 401(k) Match

No H1B Sponsorship

New York, NY, USA

Hybrid

Hybrid role with at least 3 days in-office per week in New York City.

Category
Software Engineering (1)
Required Skills
Rust
Solana
Solidity

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Requirements
  • 8+ years of software engineering experience, with at least 4 years in smart contract or protocol-level development
  • Expert-level proficiency in Solidity; working knowledge of Rust (Solana/Substrate) is a strong plus
  • Demonstrated production deployment of security token or regulated asset contracts on a public or permissioned chain
  • Deep understanding of token standards design rationale and U.S. equity market lifecycle mechanics, including corporate actions, record dates, and settlement infrastructure
  • Proven ability to operate as a technical authority — writing specifications, presenting to non-technical audiences, and defending design decisions to partners and regulators
  • This position will be located in New York and offers a hybrid work environment at least 3 days a week in-office, subject to change
  • Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future; Nasdaq will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)
Responsibilities
  • Own the design and evolution of the Nasdaq Token Design Standard, including token issuance, transfer restriction logic, compliance hooks, corporate action processing, and record date mechanics
  • Author and maintain the full reference implementation library — the proprietary IP that licensees build on — ensuring backward compatibility, clear versioning, and rigorous documentation across protocol upgrades
  • Define governance mechanisms for the standard, balancing Nasdaq's stewardship role with the accessibility requirements of a commercially viable ecosystem
  • Lead chain selection strategy and integration architecture, evaluating permissioned and public infrastructure against settlement finality, throughput, and regulatory defensibility criteria
  • Represent Nasdaq externally as a technical authority — engaging with ecosystem partners, contributing to industry standards bodies, and authoring white papers and public technical documentation
  • Serve as technical lead on integrations with external platforms, custodians, and cross-chain interoperability frameworks
Desired Qualifications
  • Prior authorship or editorial contribution to a token standard (e.g., ERC or equivalent)
  • Familiarity with institutional blockchain infrastructure projects involving DTCC, SWIFT, or comparable settlement networks
  • Experience with proxy voting mechanics and their translation to on-chain governance events

Nasdaq operates one of the world’s largest electronic stock exchanges and provides a suite of financial technology services for buying and selling securities, plus analytics like Nasdaq Smart Portfolio. Its products include an electronic trading platform that matches orders, subscription analytics, and data services, as well as listing services and non-financial marketplaces through InsurTech partners. It differentiates itself with a large, scalable exchange, extensive data analytics, a broad subscription-based product lineup, and a footprint in both traditional markets and digital marketplaces. Its goal is to provide efficient, transparent access to capital and investment opportunities worldwide while growing revenue from trading, listings, and data-driven services and advancing sustainable investing globally.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1971

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Simplify Jobs

Simplify's Take

What believers are saying

  • AI drives 20%+ surge in solo business applications, boosting listing demand and transaction fees.
  • Nasdaq 2029 revenue projected at $6.9B, fueled by 8.5% annual growth from new IPOs and tech.
  • Trump Accounts launch boosts financial literacy, expanding retail investor base and subscription revenue.

What critics are saying

  • Nasdaq 100 holds 50%+ exposure to volatile AI stocks, risking 14–20% peak-to-trough decline in 6–12 months.
  • Tech selloff driven by AI spending fears could drop Nasdaq 2.21%, slashing transaction fee revenue within 3–9 months.
  • Iran war and Trump tariffs push inflation to 4.1%, forcing rate hikes that depress growth valuations in 12–18 months.

What makes Nasdaq unique

  • Nasdaq dominates as the world's largest electronic stock exchange serving 10,000 corporate clients.
  • It uniquely combines market operations with mission-critical fintech solutions for 3,500 banks and brokers.
  • Nasdaq pioneers sustainable investment practices and AI-driven market analytics across 140 global markets.

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

Yahoo Finance
Mar 25th, 2026
Nasdaq and Talos target $35B in trapped collateral with TradFi-crypto integration

Nasdaq and Talos have integrated legacy financial infrastructure into crypto trading systems to unlock $35 billion in trapped collateral. The partnership connects Nasdaq's Calypso risk platform and Trade Surveillance technology with Talos's institutional liquidity network. The move addresses capital inefficiency caused by fragmented settlement layers and disconnected risk systems. Institutional collateral sits idle in non-interest-bearing buffers, whilst moving traditional assets like Treasuries to cover crypto margin calls requires T+1 settlement and manual reconciliation. Talos clients, including hedge funds and brokers, now access unified workflows managing tokenised real-world assets alongside crypto and traditional equities. Nasdaq's Trade Surveillance engine enables real-time detection of market manipulation across venues, bringing regulatory-grade audit trails to digital asset trading. The integration eliminates pre-funding requirements and capital mobility bottlenecks that have slowed institutional adoption.

Yahoo Finance
Mar 19th, 2026
SEC approves Nasdaq plan to settle stock trades on blockchain

The SEC has approved a plan allowing certain Nasdaq-listed securities to trade in tokenised form, settling on blockchain rather than through traditional book-entry systems. This marks the first time US regulators have formally integrated blockchain technology into core stock trading infrastructure. Tokenised shares will trade on the same order book as regular shares, with identical tickers, prices and rights. The only difference is settlement method, which uses blockchain tokens rather than the Depository Trust Company's traditional ledger system. Existing surveillance and settlement timelines remain unchanged. The approval follows Nasdaq's September filing and reflects the SEC's more receptive stance towards digital asset integration. Intercontinental Exchange, owner of the New York Stock Exchange, is pursuing similar initiatives through investments in crypto exchange OKX, intensifying competition between the two largest US exchanges.

Yahoo Finance
Mar 11th, 2026
Nasdaq stock posts 19.9% gain over 52 weeks, beating Dow's 14.4% return

Nasdaq Inc., with a $49.8 billion market capitalisation, has declined 16.2% from its 52-week high of $101.79. Over the past three months, shares fell 7.6%, underperforming the Dow Jones Industrial Average's 2.7% drop. The company reported strong 2025 financial results on 29 January, including record net revenue of $5.2 billion, up 13%, and solutions revenue of $4 billion, up 12%. Despite these results, shares fell marginally. Whilst Nasdaq stock has declined 10.7% year-to-date, it has gained 19.9% over the past 52 weeks, outpacing the Dow's 14.4% return. The stock trades below its 50-day and 200-day moving averages since February. Analysts maintain a "strong buy" consensus rating with a mean price target of $112.06, suggesting 30.6% upside potential.

Yahoo Finance
Mar 9th, 2026
Nasdaq partners with Kraken parent to develop tokenised equity design for on-chain trading

Nasdaq is developing a new design for tokenised equities that gives publicly traded companies greater control over their shares in token form, including proxy-related matters, corporate actions and governance rights. The exchange has partnered with Payward, Kraken's parent company, to build a gateway enabling tokenised equities to move between regulated and on-chain markets. The initiative follows Nasdaq's September filing with the Securities and Exchange Commission proposing to enable equity securities to trade on its markets and settle in token form through the Depository Trust & Clearing Corp. Separately, Nasdaq announced a partnership with Seturion, Boerse Stuttgart Group's pan-European settlement platform, to connect its European trading venues for tokenised securities trading. The New York Stock Exchange is pursuing a similar blockchain-based venue for round-the-clock trading of tokenised stocks and exchange-traded funds.

Yahoo Finance
Mar 7th, 2026
Texas leads US in financial sector employment as Abbott rings Nasdaq closing bell at Alamo

Texas Governor Greg Abbott joined Nasdaq for a virtual closing bell ceremony at the Alamo on 5 March, marking the 190th anniversary of the Battle of the Alamo whilst celebrating Texas' economic achievements. Abbott highlighted that Texas ranks first nationally in financial sector employment, capital investment and capital markets. The ceremony included Lieutenant Governor Dan Patrick, Nasdaq Chair Adena Friedman and Texas business leaders. Nasdaq launched Nasdaq Texas in November, a dual listing venue expanding services statewide. Under Abbott's tenure, Texas has attracted over 325 corporate headquarters and hosts 54 Fortune 500 companies. As the world's eighth-largest economy, the state employs the nation's largest financial services workforce, surpassing New York. Nasdaq established its regional headquarters in Dallas last March.