Key Highlights
Charles Schwab is expanding its Digital Assets division with new blockchain engineering, security and crypto product roles.
The hiring drive comes as the brokerage prepares for its planned rollout of spot crypto trading.
Schwab managed $13.14 trillion in client assets and served 39.3 million active brokerage accounts as of May 2026, underscoring the significance of its latest crypto push.
Charles Schwab is taking another step toward its crypto ambitions. The Wall Street brokerage giant is now actively hiring blockchain engineers, security specialists and crypto product managers.
This comes as the $19 trillion firm is now aggressively building out its Digital Assets division ahead of its planned cryptocurrency trading rollout.
Jake Hahn, a member of Charles Schwab’s Digital Assets team, announced this week on LinkedIn that the company is recruiting for multiple positions. This includes for roles such as Senior Blockchain Engineer, Senior Security Engineers, Crypto Technical Project Manager, Crypto Product Manager, and On-Chain Product Manager.
“Digital Assets at Schwab is just getting started,” Hahn wrote, inviting candidates to apply or reach out directly for the roles.
The latest hiring campaign suggests Schwab is entering the next phase of its digital assets strategy. Over the past week, the brokerage has advertised multiple openings across blockchain engineering, cybersecurity, crypto product management and on-chain product development. This indicates that it is building the technical and compliance infrastructure needed to scale its crypto business beyond its initial rollout.
Schwab Expands Beyond ETFs
Schwab has gradually increased its exposure to digital assets over the past few years. Till 2 months back, it used to offer its clients access to only crypto-related investment products and spot Bitcoin and Ethereum ETFs through its brokerage platform.
Today, the firm said its clients held nearly 20% of all U.S. spot crypto exchange-traded products.
The firm’s ambitions, however, have now extended beyond investment products.
In April this year, CEO Rick Wurster confirmed Schwab plans to launch spot Bitcoin and Ethereum trading once the regulatory landscape becomes more favorable.
The hiring drive comes as Charles Schwab continues the phased rollout of Schwab Crypto, its direct spot cryptocurrency trading platform 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 crypto trading with Schwab.com, the Schwab mobile app and thinkorswim. It would also offer research from the Schwab Center for Financial Research, 24/7 customer support and pricing of 75 basis points per trade.
The brokerage also said it plans to add more cryptocurrencies and enable crypto deposits and withdrawals over time.
Beyond engineering, Schwab has also strengthened its regulatory bench. In May, the firm recently hired a Director of Digital Assets Compliance, bringing in a former FINRA executive with experience overseeing crypto-related regulatory matters. The move indicates Schwab is building both the technology and compliance infrastructure needed for regulated digital asset services.
What is Charles Scwab’s Crypto Strategy
The recruitment drive carries added significance given Schwab’s scale.
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 core net new assets during the month, a 42% year-over-year increase. It has opened 461,000 new brokerage accounts, up 37% from a year earlier. Client engagement also remained strong, with 11.8 million daily average trades, marking a monthly record.
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Against that backdrop, Schwab’s decision to expand its Digital Assets team and the planned crypto trading rollout could prove as a major boost for institutional crypto trading.
Frequently Asked Questions
Schwab is hiring blockchain engineers, security specialists and crypto product managers to strengthen its Digital Assets division as it expands its cryptocurrency offerings.
Schwab has begun a phased rollout of Schwab Crypto, allowing eligible retail clients to trade Bitcoin and Ethereum directly. The service has not yet been rolled out to all customers.
Schwab offers direct Bitcoin and Ethereum trading to eligible clients, access to spot crypto ETFs, crypto futures, crypto-focused mutual funds and ETFs, and its Schwab Crypto Thematic ETF (STCE).
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