Blockstream Capital Partners (BCP) has taken a decisive step in strengthening its institutional Bitcoin platform with the strategic acquisition of a division within Numeus Group’s digital asset trading and investment business. The transaction brings together elite derivatives expertise, advanced risk management, and Bitcoin-focused yield strategies—further reinforcing BCP’s position in the rapidly evolving institutional digital asset landscape.
As institutional adoption of Bitcoin accelerates, demand for sophisticated trading, yield generation, and risk-managed solutions continues to grow. This acquisition directly addresses those needs, enhancing BCP’s ability to deliver institutional-grade Bitcoin yield solutions across diverse market conditions.
Expanding Bitcoin Yield and Derivatives Expertise
At the core of the transaction is the absorption of select Bitcoin-focused trading strategies designed for yield generation, alongside the integration of a ten-person derivatives trading team. The team is led by Deepak Gulati, a seasoned specialist in volatility and derivatives markets, who has been appointed Co-Chief Investment Officer of Blockstream Capital Management alongside Rodrigo Rodriguez.
Gulati brings extensive institutional experience, having previously served as Global Head of Proprietary Trading at JPMorgan. He later founded Argentiere Capital, a multibillion-dollar hedge fund focused on volatility strategies. With a long-standing thesis that derivatives would drive the maturation of Bitcoin and digital asset markets, he co-founded Numeus Group in 2021 to build institutional-grade trading, risk management, and market-structure capabilities.
Strengthening BCP’s Institutional Market Position
This acquisition significantly expands BCP’s Bitcoin trading and yield generation capabilities. By combining specialized derivatives and volatility strategies with BCP’s execution infrastructure and real-time risk analytics, the firm is positioned to capture alternative yield opportunities in both stable and highly volatile market environments.
The move underscores BCP’s commitment to providing risk-managed Bitcoin yield solutions that meet the expectations of institutional investors, including asset managers, corporate treasuries, and decentralized organizations. As Bitcoin increasingly becomes a strategic balance-sheet asset, the ability to generate yield while maintaining disciplined risk controls is becoming a critical differentiator.
A Strategic Fit for Institutional Bitcoin Adoption
The transaction aligns closely with BCP’s broader strategy to build a premier institutional digital asset platform. By incorporating Numeus’s trading capabilities, BCP strengthens its ability to deliver:
Yield-Enhancing Bitcoin Strategies
BCP now offers advanced derivatives-based strategies designed to enhance yield on Bitcoin holdings for corporate treasuries, DAOs, and asset management clients—providing an alternative source of return without compromising institutional risk standards.
Institutional-Grade Execution and Risk Infrastructure
The expanded platform features powerful execution capabilities with embedded market-risk solutions, supporting robust operational oversight and institutional-scale trading in Bitcoin and digital assets.
PeterPaul Pardi, Managing Partner of Blockstream Capital Partners, emphasized the importance of talent and risk discipline in driving growth, noting that the acquisition adds proven crypto-derivatives and volatility capabilities that institutions increasingly demand.
The Role of Komainu in Supporting the Transaction
Komainu, an existing strategic investment of BCP, has played an integral role in the transaction. The firm will provide corporate support, exchange connectivity, collateral management, and custodial services—ensuring the operational foundation required for institutional digital asset trading.
Paul Frost-Smith, CEO of Komainu, highlighted the shared commitment to innovation and institutional adoption across the Bitcoin ecosystem, reinforcing the strategic alignment between the organizations.
Building on a Track Record of Strategic Growth
This acquisition builds on BCP’s December 2025 acquisition of Corbiere Capital Management, a Jersey-based equities hedge fund manager led by Rodrigo Rodriguez. Together, these moves demonstrate a consistent strategy: combining traditional finance expertise with digital asset innovation to create a robust, institutional-ready Bitcoin platform.
Numeus Group also looks forward to continued collaboration with BCP, signaling long-term strategic alignment within the crypto industry.
About BCP Group
Blockstream Capital Partners (BCP) is an investment group of Bitcoin pioneers driving the convergence of Bitcoin and institutional finance. Affiliated with Dr. Adam Back, CEO of Blockstream, the global leader in Bitcoin and blockchain infrastructure, BCP brings together early Bitcoin investors from before the first halving and veteran institutional finance leaders with decades of experience managing global capital.
BCP invests across asset classes – venture capital, private and public equity, credit, real estate, and insurance – and across the entire stack of Bitcoin finance: from infrastructure (including trading, custody, payments, and settlement) to Bitcoin-based applications and financial instruments. Its approach reflects the same philosophy that defines Blockstream: an uncompromising commitment to building the financial infrastructure of the future and a long-term conviction in Bitcoin.
BCP operates a comprehensive investment platform offering institutional-grade Bitcoin solutions designed to deliver Bitcoin-referenced returns and long-term value for investors. With a global presence in key financial hubs, BCP is positioned to serve leading institutional allocators worldwide.
About Numeus Group
Numeus is a digital asset investment firm founded in 2021 by a team of institutional trad-finance and blockchain experts with a team of 33 today across Switzerland, New York, London, and Mauritius. Its asset management division, Forteus, offers absolute-return and directional strategies under an FCA-regulated framework and maintains a strategic partnership with Schroders plc.
About Komainu
Komainu is the institutional gateway for digital assets, headquartered in Jersey, with offices in London, Dubai, and Singapore. Offering bank-grade infrastructure for institutional investors, Komainu provides seamless, connected and secure services with multi-jurisdictional regulatory oversight, merging expertise from traditional financial services with leading security standards for the next generation of institutional digital asset custody, servicing & financing. Komainu (Jersey) Limited is regulated by the Jersey Financial Services Commission. Komainu MEA FZE is regulated by the Dubai Virtual Assets Regulatory Authority.
