Research Analyst- Equity Capital Markets

Overview

The organization is building a suite of tokenized equity capital markets products from the ground up and is seeking a Research Analyst to join a small, high-impact team. This is a 0-to-1 opportunity for a self-starter who wants to help shape products from inception through launch.

In this role, you will support the full product lifecycle—conducting due diligence on issuers, companies, vendors, and partners; building commercial and economic models; and producing the research, memos, and analysis that underpin key commercial decisions. The work is highly cross-functional and executed in a fast-moving environment.

Responsibilities

• Conduct thorough due diligence on prospective issuers, companies, vendors, partners, and counterparties, presenting findings in clear, decision-ready formats.
• Perform fundamental analysis and build commercial and financial models to evaluate product structures, pricing, allocation, deal economics, and profitability.
• Conduct competitor and market research across the capital markets landscape, benchmarking products, platforms, and market participants to inform positioning and strategy.
• Prepare internal committee memos, decision documents, and management presentations translating complex analysis into concise, actionable recommendations.
• Track developments across equity capital markets, including pipeline, follow-on and related equity offerings, and broader market conditions—surfacing risks and opportunities proactively.
• Support the transaction and product lifecycle, taking ownership of workstreams from research through to execution.

Requirements

• Minimum 4 years of relevant experience, ideally within equity capital markets (ECM), or investment banking at a bank, advisory firm, or comparable institution.
• Solid understanding of equity capital markets and the mechanics of public and private capital raises (e.g., IPOs, follow-on offerings).
• Strong financial modeling and quantitative analysis skills.
• Excellent written and verbal communication, with the ability to produce polished, institutional-quality memos and presentations for senior stakeholders.
• Self-starter mindset: comfortable with ambiguity, taking initiative, and building processes where none exist.
• Strong attention to detail, sound commercial judgment, and ability to operate under deadline pressure.
• Familiarity with digital assets, tokenization, or a clear appetite to build expertise in bringing equity capital markets on-chain.

Preferred Qualifications

• Not specified.

Compensation & Benefits

• Competitive salary and company benefits.

Location

• Remote-first, work-from-home arrangement (may vary depending on the nature of the role and team).