Blockstream Acquires Numeus' Digital Asset Exchange Division to Expand BTC Derivatives Strategy

Blockstream Capital Partners (BCP) has acquired a trading division from Numeus Group. The deal includes the absorption of select Bitcoin-focused trading strategies and a ten-person derivatives team. The move marks a strategic expansion for BCP's institutional-grade Bitcoin business.

The acquired team is led by Deepak Gulati, a former JPMorgan executive and founder of a volatility-focused hedge fund. He will serve as Co-Chief Investment Officer of Blockstream Capital Management. Gulati's expertise in derivatives and volatility markets is expected to enhance BCP's trading capabilities.

The acquisition is aligned with BCP's broader strategy to develop a premier institutional platform for digital assets. This includes structured solutions and yield generation services for Bitcoin treasuries. The move also builds on BCP's December 2025 acquisition of Corbiere Capital Management.

Why the Move Happened

The acquisition reflects growing institutional demand for Bitcoin derivatives and volatility trading. BCP aims to capture alternative yield opportunities in both stable and volatile market environments. The move allows BCP to offer yield-enhancing derivatives strategies for Bitcoin treasuries.

Institutional-grade trading infrastructure is a key component of the deal. BCP will integrate real-time risk analytics and execution platforms. This will support institutional trading of Bitcoin and operational oversight.

What Analysts Are Watching

Market participants are monitoring how this transaction will impact BCP's market share. The firm is positioning itself as a leader in Bitcoin yield solutions. Analysts are tracking whether this will attract more institutional clients.

The integration of Numeus's team is expected to bring institutional-grade risk management capabilities. This includes volatility strategies and derivatives expertise. Komainu, a strategic partner of BCP, will provide custodial and exchange connectivity services.

What This Means for the Market

This transaction supports the broader adoption of Bitcoin in institutional finance. BCP is leveraging partnerships with firms like Komainu to develop new Bitcoin-centric products. The acquisition is part of a larger trend of traditional financial institutions entering the crypto space.

The Bitcoin derivatives market is growing rapidly. With increasing demand from institutional investors, BCP's move is expected to set a benchmark for institutional-grade trading platforms. This could influence other financial institutions to follow suit.

The acquisition also aligns with broader market trends. Bitcoin ETF inflows have been positive in early 2026, with renewed investor interest. The move could further solidify Bitcoin's position as an institutional asset.

BCP operates a comprehensive investment platform. It targets long-term value for investors with Bitcoin-referenced returns. The firm is positioned to serve institutional allocators globally.

Numeus Group is a digital asset investment firm founded in 2021. It has 33 team members across Switzerland, New York, London, and Mauritius. Its asset management division, Forteus, offers absolute-return strategies under an FCA-regulated framework.