Updated:
XBTO Group
XBTO Group was founded by Philippe Bekhazi in 2015, initially as a proprietary trading firm in the cryptocurrency space.
XBTO Group
XBTO Group was founded by Philippe Bekhazi in 2015, initially as a proprietary trading firm in the cryptocurrency space. The firm's structure blends a trading desk with an investment arm, operating across market-making, quantitative strategies, and direct venture investments in digital-asset companies. Wealth origin traces to Bekhazi's prior experience in finance and early crypto accumulation, though specific terms remain private. The firm allocates capital across liquid crypto assets, derivatives, and early-stage equity in blockchain infrastructure businesses. Asset-class exposure includes spot trading, digital-asset options, and venture capital stakes in firms like Blockstream and Bitfury. XBTO Group has also partnered with traditional finance institutions to facilitate crypto liquidity, co-investing alongside family offices and hedge funds. Geographically, the firm operates primarily in the US, Europe, and Bermuda. Team size is estimated at 50–60 professionals based on public profiles and corporate filings. XBTO maintains a founding office in New York and a registered entity in Bermuda, often used for regulated digital-asset activities. The firm has not disclosed total AUM but has reported quarterly trading volumes exceeding $10 billion in some periods. In 2023, XBTO expanded its market-making operations into European markets via an EU-registered entity. Structurally, XBTO Group operates as a hybrid: a proprietary trading firm with a venture capital overlay, rather than a pure fund structure. This model allows it to capture both trading alpha and long-term technological upside from early-stage protocols. The private ownership and founder-led governance give it flexibility to move on illiquid positions without LP constraints.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
Who runs investment decisions at XBTO Group?
Philippe Bekhazi is the founder and CEO of XBTO Group. He oversees the firm's overall strategy, including trading, market-making, and venture investments. Specific team leads for each vertical are not publicly identified.
How does XBTO Group source proprietary deal flow?
XBTO sources deals through its trading and market-making operations, giving it early insight into emerging protocols and liquidity needs. The firm also has a venture arm that sources blockchain infrastructure investments through network relationships with founders and other crypto-native investors.
Is XBTO Group structured as a single family office or does it operate more like a venture firm?
XBTO Group is structured as a proprietary trading and investment firm, not a single family office. It operates with internal capital (founder and partners) and does not manage third-party funds, though it may co-invest alongside outside investors.
Does XBTO Group participate in fund commitments or only direct deals?
XBTO Group primarily does direct proprietary trading and venture investments. It is not known to commit capital to external fund managers, but it occasionally co-invests in deals alongside other crypto-focused funds.
What investment stages does XBTO Group typically target?
XBTO Group covers multiple stages: liquid crypto assets (spot and derivatives) for short-term trading, and early-stage equity in blockchain infrastructure companies through its venture arm. There is no disclosed bias toward a specific stage within venture.
Which sectors does XBTO Group explicitly avoid?
XBTO Group does not publicly list sectors it avoids. However, its focus is narrowly on digital assets, blockchain, and crypto-related opportunities, suggesting it does not invest in traditional asset classes like real estate or private equity outside crypto.
How is XBTO Group related to other crypto firms or vehicles?
XBTO Group is a private entity founded by Philippe Bekhazi with no disclosed parent or subsidiary structure beyond its own operations. It is not known to be related to any other named crypto firm or family office.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: