Organization · Venture Capital
XBTO
XBTO is a full-service institutional digital asset firm based in Bermuda, specializing in cryptocurrency trading, custody, asset management, and venture capital. Founded in 2015, it operates globally with a focus on providing sophisticated investment solutions for qualified investors and institutions.
Overview
What XBTO does
What XBTO is
XBTO is a full-service institutional digital asset firm based in Bermuda, specializing in cryptocurrency trading, custody, asset management, and venture capital. Founded in 2015, it operates globally with a focus on providing sophisticated investment solutions for qualified investors and institutions.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2015
- Approximate age
- About 11 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- April 10, 2026
Official channels
Find XBTO elsewhere
Open the official website or a supported primary organization account.
Capability profile
XBTO as a funder
Investment thesis
XBTO focuses on providing sophisticated investment solutions in the cryptocurrency and digital asset space, targeting qualified investors and institutions primarily outside the United States.
Focus narrative
XBTO invests across various sectors related to cryptocurrency and digital assets, including asset management, trading platforms, custody services, market making, and tokenization. The organization emphasizes sophisticated investment strategies tailored for qualified investors and institutions, primarily focusing on opportunities outside the United States.
Value beyond capital
XBTO provides value to its portfolio companies through strategic partnerships, access to institutional-grade resources, and expertise in the cryptocurrency market. The firm offers services such as trading platforms, custody solutions, and market-making capabilities, enhancing liquidity and operational efficiency for its investments.
Focus and fit
- Stages
- Seed · Series A · Series B · Growth Equity
- Regions
- Asia · Europe · Global · North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 10
- Recorded notable exits
- Deribit
Portfolio context
Notable portfolio companies include: Deribit: A crypto derivatives exchange, early investment by XBTO, acquired by Coinbase in May 2025. Valkyrie: Digital asset management and ETFs. Stablehouse: A digital asset platform. Algorand: Market maker to enhance liquidity. Jewel, Lukka, Nayms, OXIO, Paradigm.co, Relaypay, Unocoin, Vic.ai, X-Margin, and BermudAir.
Capability profile
XBTO as a publisher
Editorial focus
XBTO specializes in cryptocurrency and digital asset management, providing investment solutions and services. The organization targets qualified investors and institutions, emphasizing sophisticated investment strategies in the digital asset market.
Audience value
XBTO offers comprehensive services in cryptocurrency investment, including trading platforms, custody services, and market making, catering to institutional investors and qualified individuals.
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Investors
- Sectors
- Fintech
- Regions
- Asia · Europe · Global · North America
Flagship work and coverage
Flagship properties
XBTO publishes various resources and insights related to cryptocurrency and digital asset management, including the 'Fireside Chat at KX Con 23' and the '2024 in Review and 2025 Forecast'.
Notable coverage
Philippe Bekhazi, CEO/Founder of XBTO, has been featured in GARP, FINTECH.TV, and numerous crypto industry publications.
Common questions
What to know about XBTO
Upseed classifies XBTO under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 10, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.