Key points
- Charles Schwab is expanding its digital assets division with new roles in blockchain engineering, security and cryptography.
- The hiring drive comes as the brokerage prepares for the planned start of spot cryptocurrency trading.
- Schwab managed $13.14 trillion in client assets and served 39.3 million active brokerage accounts as of May 2026, underscoring the importance of cryptocurrency’s latest push.
Charles Schwab is taking another step towards his cryptocurrency ambitions. The giant Wall Street brokerage is now hiring blockchain engineers, security specialists and crypto product managers.
It comes as the $19 trillion company is now aggressively building out its digital assets division ahead of a planned cryptocurrency trading rollout.
Jake Hahn, a member of the digital assets team at Charles Schwab, announced this week on LinkedIn that the company is hiring for multiple positions. This includes roles such as Senior Blockchain Engineer, Senior Security Engineer, Technical Cryptographic Project Manager, Crypto Product Manager, and On-Chain Product Manager.
“Digital assets are just getting started at Schwab,” Hahn wrote, inviting candidates to apply for jobs or reach out directly.
The latest hiring drive indicates that Schwab is entering the next phase of its digital asset strategy. Over the past week, the brokerage has announced multiple job opportunities across blockchain engineering, cybersecurity, crypto product management and cross-chain product development. This indicates that it is building the technical and compliance infrastructure needed to expand its cryptocurrency business beyond the initial launch.
Schwab is expanding beyond ETFs
Schwab has been gradually increasing its exposure to digital assets over the past few years. Until a couple of months ago, it only offered its clients access to cryptocurrency-related investment products and ETFs in Bitcoin and Ethereum through its brokerage platform.
Today, the company said its clients own approximately 20% of all exchange-traded cryptocurrency products in the United States.
However, the company’s ambitions now extend beyond investment products.
In April this year, CEO Rick Worster confirmed Schwab plans to launch spot trading for Bitcoin and Ethereum Once the regulatory landscape becomes more favorable.
The hiring drive comes as Charles Schwab continues the gradual rollout of Schwab Crypto, its spot trading platform for cryptocurrencies announced in April 2026. The service, which initially supports Bitcoin and Ether, is being gradually rolled out to eligible retail clients.
The platform plans to integrate cryptocurrency trading with Schwab.com, the Schwab mobile app and Thinkorswim. It will also offer research from the Schwab Center for Financial Research, 24/7 customer support and 75 basis points pricing per trade.
The brokerage also said that it plans to add more cryptocurrencies and enable cryptocurrency deposits and withdrawals over time.
Beyond engineering, Schwab has also strengthened its regulatory body. In May, the company recently hired a director of digital asset compliance, bringing on a former FINRA executive with experience overseeing crypto-related regulatory matters. The move signals that Schwab is building the technology and compliance infrastructure needed for regulated digital asset services.
What is the crypto strategy of Charles Squab
The recruiting drive carries extra significance given Schwab’s scope.
According to the company’s latest monthly business update, Charles Schwab managed $13.14 trillion in total client assets and served 39.3 million active brokerage accounts as of May 2026.
The brokerage also attracted $49.9 billion in net new underlying assets during the month, an increase of 42% year-over-year. It opened 461,000 new brokerage accounts, an increase of 37% from the previous year. Customer engagement also remained strong, with average daily trading reaching 11.8 million, a monthly record.
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Against this backdrop, Schwab’s decision to expand its digital assets team and planned rollout of cryptocurrency trading could be a major boost for institutional cryptocurrency trading.
Frequently asked questions
Schwab is hiring blockchain engineers, security specialists and crypto product managers to bolster its digital assets division as it expands its cryptocurrency offerings.
Schwab has begun a gradual rollout of Schwab Crypto, allowing eligible retail customers to trade Bitcoin and Ethereum directly. The service has not yet been rolled out to all customers.
Schwab offers live Bitcoin and Ethereum trading to qualified clients, access to spot cryptocurrency ETFs, cryptocurrency futures, cryptocurrency-focused mutual funds and ETFs, and the Schwab Crypto Thematic ETF (STCE).
Investment Disclaimer: The content reflects the author’s personal views and current market conditions. Please do your own research before investing in cryptocurrencies, as neither the author nor the publication accepts responsibility for any financial losses.
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