XBTO Group

Name

XBTO Group

Legal name

XBTO Global Ltd.

Website

https://xbto.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Institutional Digital Asset Management

NAICS

Miscellaneous Financial Investment Activities (523999), Other Financial Vehicles (52599)

SIC

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

akta.pro primary industry

Prime Brokerage (Multi-Asset Crypto) (FSADAJAA)

akta.pro secondary industries

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Prime Custody Integration & Tri-Party Workflows (FSADAJAL)

Keywords

• Institutional digital asset management
• Crypto market making
• Digital asset custody
• Crypto OTC trading
• Asset tokenization services

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: XBTO generates revenue through management fees charged on managed funds. For the Diamond Hands BTC fund, this includes a 1% annual management fee on AUM.
2. Performance Fees: Performance-based revenue through carried interest. Diamond Hands BTC charges 10% performance fee on profits.
3. Market Making Services: Revenue from providing institutional liquidity and market making services to digital asset issuers and projects, supporting token performance.
4. Trading and OTC Services: Revenue from OTC desk operations providing deep liquidity, tight spreads, and full integration with custody for institutional clients.
5. Custody Services: Institutional custody services providing secure storage and management of digital assets, integrated with trading and reporting.
6. Tokenization Services: Capital markets services including tokenization of assets for issuers and structured execution solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

XBTO Group is a fully integrated institutional digital asset platform providing active crypto asset management, institutional market making, bankruptcy-remote custody, OTC trading, and tokenization services. The company serves qualified non-U.S. institutional investors, family offices, and wealth managers through its unified XBTO Hub platform, regulated funds (XCOF Diamond Hands BTC, XCOF Trend, XCOF Original), and proprietary quantitative trading strategies.

Product overview

XBTO Group operates as a fully-integrated institutional digital asset management platform offering a comprehensive suite of services. The platform centers on XBTO Hub, a unified account providing access to investing, trading, and custody capabilities. Core services include Digital Asset Management with actively managed funds (XCOF Original Market Neutral, XCOF Trend, and XCOF Diamond Hands BTC), institutional Market Making with over $100B in trading volume, and bankruptcy-remote Custody Services. Capital Markets offerings encompass Tokenization services and Trading & OTC execution. The company also provides institutional tools like the XBTO Digital Asset Allocator for portfolio analysis and SMAs for bespoke mandates. The platform is powered by Stablehouse, a digital asset trading firm acquired in 2023, providing the underlying custody and trading infrastructure. All services are regulated by the Bermuda Monetary Authority and FSRA in Abu Dhabi.

Differentiator

Problem solved

Functional benefit

Brands

• Stablehouse: XBTO's custody, trading, and digital asset platform brand, powering the underlying infrastructure of XBTO's services including the mobile app.
• XBTO Crypto Opportunities Fund (XCOF)
• XBTO Hub
• XCOF Diamond Hands BTC
• XCOF Original USD (Market Neutral)
• XCOF Trend
• Diamond Hands BTC

Products and services

• XBTO Hub Unified digital asset investment platform providing one account for investing, trading, and custody, offering institutional-grade strategies, secure custody, and trading at scale for qualified investors.
• Market Making Institutional crypto market-making services with over $100B in trading volume, providing liquidity and price stability for digital asset issuers and projects, designed to support long-term token performance.
• Digital Asset Management Active, quantitative crypto asset management strategies to grow holdings and manage volatility across market cycles, including actively managed funds and separately managed accounts for institutional investors.
• XCOF Diamond Hands BTC A rules-based Bitcoin yield accumulation fund that generates yield through options trading while aiming to accumulate BTC at favorable levels. Denominated in BTC with monthly subscriptions and 45-day notice liquidity, with 1% annual management fee and 10% performance fee.
• XCOF Original (Market Neutral) XBTO's market-neutral fund investing in liquid cryptocurrencies, designed to perform across all market environments.
• XCOF Trend XBTO's long/short trend-following strategy investing in the top 50 liquid cryptocurrencies, designed to capture momentum premia, with reported 13.3% gain in February 2026.
• Custody Services Bankruptcy-remote custody solutions for digital assets with full control and institutional-grade protection, including segregated vault accounts with enhanced security features and time-lock mechanisms.
• Trading & OTC OTC desk and trading platform providing deep liquidity, tight spreads, and full integration with custody, supporting large or custom trades through a deep OTC liquidity network.
• Tokenization Services Tokenization services enabling access to private markets through tokenized opportunities, supporting digital asset issuers and projects with structured execution and crypto liquidity solutions.
• Tokenized Assets Tokenized investment opportunities including tokenized bonds and other real-world assets, built for flexibility, liquidity, and smarter portfolio construction.
• Institutional SMAs (Separately Managed Accounts) Separately managed accounts tailored for institutional investors, allowing deployment of capital through actively managed portfolios built to match specific mandates and market views.
• White-label Solutions White-label digital asset solutions enabling partners to deliver digital assets seamlessly, integrated with trading and custody capabilities.

Quantifiable outcome

• Over $100B in institutional trading volume
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Stablehouse Ltd.coreOthers · 10 August 2023XBTO acquired Stablehouse Ltd., a digital asset trading firm incorporated in Bermuda and licensed by Bermuda Monetary Authority with Class M licence. Stablehouse provides payment services, digital asset exchange, custodial wallet services, and operates the custody infrastructure for XBTO.
• DeribitminorStrategic or Co-development PartnerEarly investment and ongoing partnership with Deribit, a cryptocurrency derivatives exchange. XBTO's early investment and industry expertise contributed to Deribit's growth and market position.
• Pyth NetworkminorStrategic or Co-development PartnerXBTO is a data contributor to the Pyth Network oracle, with contributions pivotal to its growth and enhancing data reliability.
• Apex GroupminorStrategic or Co-development PartnerStrategic partnership bringing innovative digital asset benefits to Apex Group's investor base.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Galaxy Digital: Galaxy Digital is a diversified institutional crypto asset manager and prime broker offering trading, lending, custody, asset management, and mining services. Directly comparable to XBTO's integrated institutional digital asset platform across market making, fund management, and capital markets.
• FalconX: FalconX is a leading institutional digital asset prime broker providing trading, credit, and custody solutions to institutions. Direct competitor to XBTO in serving institutional crypto allocators with OTC, market making, and custody capabilities.
• Fireblocks: Fireblocks provides institutional custody, trading, and DeFi infrastructure for digital assets. Comparable to XBTO's custody and institutional platform offering with technology-focused approach and broad institutional client base.
• Cumberland (DRW): Cumberland is the crypto trading arm of DRW, one of the world's largest institutional liquidity providers. Directly comparable to XBTO's market making business in providing institutional liquidity across digital asset venues and OTC.
• BitGo: BitGo is a leading institutional digital asset custody and trading platform serving institutions, advisors, and exchanges. Direct competitor to XBTO's custody and institutional platform services with broader regulatory footprint and deeper integrations.
• Wintermute: Wintermute is a leading global algorithmic trading firm and OTC liquidity provider in digital assets. Direct competitor to XBTO's market making and OTC trading business, with similar institutional focus and significant trading volume.

Broad incumbents

• Bakkt: Bakkt is a publicly-traded digital asset platform offering custody, trading, and consumer services to institutions and consumers. Broader incumbent competing with XBTO in institutional custody, trading, and tokenization services.
• Flow Traders: Flow Traders is a global liquidity provider and market maker expanding into digital assets. Comparable institutional market making and ETF/crypto ETP liquidity provision, though broader across traditional asset classes.
• Coinbase Prime: Coinbase Prime is the institutional arm of Coinbase offering custody, trading, lending, and prime brokerage to institutions and family offices. Larger incumbent with broader regulatory coverage and US license footprint competing with XBTO in institutional custody and trading.

Emerging players

• Circle: Circle is a regulated digital asset infrastructure company offering USDC stablecoin and institutional digital asset services. Comparable to XBTO in regulated institutional infrastructure with overlapping tokenization and custody ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/xbtogroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A1 record

Investments20 records

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

Frequently asked questions about XBTO Group