Blockhouse

What Blockhouse does

Blockhouse is a New York-based quantitative trading infrastructure provider founded in 2022 by NYU roommates Pranav (formerly a UBS structured-equity quant researcher) and Aadi (a self-taught DeFi engineer). The company serves institutional asset managers, funds of funds, and on-chain vaults through non-custodial Separately Managed Account (SMA) structures in which clients retain custody on their own exchange accounts while Blockhouse provides execution, risk management, and strategy deployment via trade-scoped API keys. As of May 2026, the platform holds approximately $16M in client deposits and runs a live portfolio of roughly $25M across 30-32 positions on five live exchanges (Binance, KuCoin, Bybit, Bitget, Hyperliquid), with clients collectively representing more than $5B in AUM.

The technology stack comprises a multi-venue connectivity layer with purpose-built API connectors for each exchange's margin rules and liquidation mechanics; the CrossX cross-exchange market making system; venue-aware execution algorithms supporting TWAP, VWAP, POV, Implementation Shortfall, Iceberg, and Sniper order types; a Margin Management Server with a proprietary Portfolio Liquidation Distance (PLD) metric; and an integrated prime broker layer (Hidden Road, FalconX, LTP, Matrixport, Bequant) for unified cross-venue margining. Core strategies include funding rate arbitrage (target 15-30% APY, Sharpe >2, max drawdown <5%) and market making, with sub-millisecond execution latency (0.8ms) and a stated 99.99% uptime SLA.

Revenue is generated through management and performance fees on AUM under the SMA structure; pricing is quote-based and not publicly disclosed. Distribution is exclusively enterprise field sales with white-glove onboarding, supported by a content-driven marketing program (research blog, email newsletter, LinkedIn). The company is bootstrapped, having raised only a $200K pre-seed from Antler and Soma Capital, and is operating with 11-50 employees. A three-phase roadmap extends the platform into tokenized vault products, a prime brokerage offering, and eventually a proprietary exchange with a matching engine.

Name

Blockhouse

Legal name

Blockhouse Labs, Inc.

Website

https://blockhouse.app

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Blockhouse is a New York-based quantitative trading infrastructure platform that provides non-custodial execution, margin management, and systematic strategies (funding rate arbitrage, cross-exchange market making) to institutional asset managers, funds of funds, and on-chain vaults across multiple CEX and DEX venues.

Ownership category

akta.pro rank

Product category

Quantitative Trading Infrastructure

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

akta.pro secondary industries

Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Quantitative trading infrastructure
• Institutional asset management
• Funding rate arbitrage
• Cross-exchange market making
• Execution algorithms

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. AUM / SMA Management Fees: Blockhouse operates as a non-custodial infrastructure provider running systematic trading strategies on behalf of institutional allocators (asset managers, funds of funds, on-chain vaults). Revenue is generated through fees on assets under management. The company runs Separately Managed Account (SMA) structures where clients maintain custody while Blockhouse provides execution and risk management.
2. Strategy Performance / Performance Fees: Based on the SMA structure described, the company likely charges performance fees alongside management fees, typical for institutional quant fund structures. Specific fee percentages are not publicly disclosed.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Blockhouse is a non-custodial quantitative trading infrastructure provider that runs systematic strategies (Funding Rate Arbitrage and CrossX cross-exchange Market Making) on behalf of institutional allocators through Separately Managed Account (SMA) structures. Clients retain custody of their exchange accounts while Blockhouse provides execution, multi-venue connectivity (CEX and DEX), margin management, and proprietary risk monitoring across tokenized FX, equities, commodities, crypto, fixed income, and pre-IPO stocks.

Product overview

Blockhouse is a quantitative infrastructure platform for frontier markets, providing institutional asset managers with systematic trading technology. The platform consists of core trading strategies (Funding Rate Arbitrage, CrossX Market Making), an execution layer (Execution Algorithms, Connectivity Layer), and risk management tools (Margin Management Server, Portfolio/Order Management). The product operates through a non-custodial SMA structure where clients retain custody. Three sequential phases are planned: Tokenized Vaults (Phase 1), Prime Brokerage (Phase 2), and a proprietary Exchange (Phase 3).

Differentiator

Problem solved

Functional benefit

Products and services

• Funding Rate Arbitrage Delta-neutral systematic strategy that exploits funding rate differentials across perpetual futures exchanges by going long on one venue and short on another, capturing net funding while minimizing directional exposure. Includes counterparty risk monitoring for ADL and delisting events. Targets 15–30% APY with historically <5% maximum drawdown and Sharpe ratio >2. Available to institutional allocators via non-custodial SMA structures.
• Market Making (CrossX) Cross-exchange market making system (CrossX) providing low-latency liquidity on spot and perpetual venues by continuously quoting both sides of the order book and capturing bid-ask spreads. Ingests live tick, trade, and book update streams per venue and computes signals (rolling realized volatility, trade arrival rate, cumulative volume delta, order book imbalance) consolidated into a unified cross-venue state that drives quoting decisions every cycle. Adaptive algorithms manage inventory risk and adjust to volatility in real-time at <50ms latency.

Quantifiable outcome

• Target APY of 15-30% with historically minimal drawdowns (<5%) and Sharpe ratio >2 for the Funding Rate Arbitrage strategy
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability3 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Jump Crypto (Pit Accelerator)coreStrategic or Co-development PartnerBlockhouse participated in Jump Crypto's Pit accelerator in Singapore and Chicago. Working alongside Jump Crypto, one of the most sophisticated players in crypto, validated the thesis that institutions were adopting tokenized assets and provided credibility and market validation for the platform.
• Launch HouseminorStrategic or Co-development PartnerBlockhouse won a hackathon at Launch House with an MEV liquidation bot during their early bootstrapped phase. This was one of the founders' early validation milestones before forming the company.
• Delphi Labs x Injective CosmosminorStrategic or Co-development PartnerBlockhouse won a hackathon building a hybrid DEX for real-world assets with Delphi Labs and Injective Cosmos. This win pulled the founders out of tinkering and into forming a real company.
• BinancecoreTechnology or IntegrationBinance is one of the 5+ live exchange integrations in Blockhouse's connectivity layer. The platform connects to Binance for trading, with real-time balance updates and order execution shown on the platform dashboard. Binance is also used as a payment processor for commerce on the platform.
• HyperliquidcoreTechnology or IntegrationHyperliquid is integrated as a live exchange venue in Blockhouse's connectivity layer. The platform shows live 'Hyperliquid connected' status with real-time tokenized commodity order fills. Blockhouse's founders also built an early version of what Hyperliquid is today — a decentralized exchange for fixed income, equities, and crypto.
• BybitcoreTechnology or IntegrationBybit is one of the 5+ live exchange integrations. Platform dashboard shows active Bybit margin deployment (~$2.8M) with margin management and rebalancing capabilities. Also mentioned as a payment processor for commerce on the platform.
• KuCoincoreTechnology or IntegrationKuCoin is one of the 5+ live exchange integrations in Blockhouse's connectivity layer. Platform shows KuCoin in the connectivity layer and lists it among live connected exchanges.
• BitgetcoreTechnology or IntegrationBitget is one of the 5+ live exchange integrations in Blockhouse's connectivity layer. Also mentioned as a third-party service for sharing information with through the platform.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Wintermute: One of the largest crypto-native algorithmic trading firms and market makers, operating systematic strategies across CEX and DEX venues. Directly comparable to Blockhouse's CrossX market making and cross-exchange execution franchise, though Wintermute is substantially larger and more diversified.
• Jump Crypto: Crypto arm of Jump Trading, a leading high-frequency trading firm, with deep involvement in market making, quantitative trading, and on-chain infrastructure. Blockhouse participated in Jump Crypto's Pit accelerator; the firms compete for similar institutional quant mandates and exchange integration depth.
• GSR: Crypto-native market maker and systematic trading firm providing liquidity across spot and derivatives venues. Comparable to Blockhouse in offering systematic, multi-venue crypto strategies to institutional and crypto-native clients, with a longer operating track record.
• Talos: Institutional digital asset trading infrastructure provider offering order and execution management, connectivity, and portfolio management to institutional clients. Most directly comparable to Blockhouse's connectivity, execution algorithms, and portfolio management stack, though Talos focuses on the OMS/EMS layer rather than running its own strategies.
• Radix Trading: Quantitative trading firm operating across multiple asset classes and venues with a focus on high-performance execution and risk management. Comparable to Blockhouse in execution sophistication and venue-aware trading approach, though Radix operates at materially greater scale.

Broad incumbents

• Galaxy Digital: Public, full-service institutional digital asset platform spanning trading, asset management, prime services, and infrastructure. Operates a quant and market-making franchise comparable to Blockhouse, alongside a much broader set of adjacent businesses.
• FalconX: Institutional crypto trading, credit, and prime brokerage platform. A current prime broker partner of Blockhouse (FalconX integrates into the Margin Management Server) and a competitor for institutional crypto trading and financing mandates at the same buyer profile.
• Hudson River Trading: Leading quantitative trading firm known for high-performance execution and market making. Comparable to Blockhouse in systematic strategy orientation and venue-aware execution, with substantially greater scale and multi-asset capability.
• Two Sigma Securities: Large quantitative trading and technology firm with execution, market making, and asset management businesses. Comparable to Blockhouse in systematic strategy orientation and venue-aware execution, with substantially greater scale and multi-asset capability.

Emerging players

• Ethena Labs: Issuer of USDe, a yield-bearing synthetic dollar backed by delta-neutral perpetual funding rate arbitrage. Directly aligned with Blockhouse's stated Phase 1 roadmap, which explicitly references an Ethena-style yield-bearing stablecoin wrapper for quant strategies. A leading comparable and likely competitive threat at the vault product stage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/blockhouse-capital

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockhouse