Blockstream Capital Partners To Integrate Numeus Derivatives Team

Blockstream Capital Partners said it has agreed to acquire a derivatives-focused trading unit from Numeus Group, adding a Bitcoin derivatives team and selected yield-oriented strategies to its platform. 

The transaction includes a ten-person team led by derivatives and volatility specialist Deepak Gulati.

Following the acquisition, Gulati has been appointed Co-Chief Investment Officer of Blockstream Capital Management, where he will serve alongside Rodrigo Rodriguez, a former Global Head of Proprietary Trading at JPMorgan and founder of Argentiere Capital.

Numeus Group, founded in 2021, has focused on derivatives trading, risk management, and market structure in digital asset markets. 

Komainu, a strategic investment of Blockstream Capital Partners, supported the transaction and will provide services including custody, collateral management, and exchange connectivity.

Blockstream Capital said the acquisition expands its Bitcoin trading and yield-related capabilities by integrating derivatives and volatility expertise into its existing execution and risk analytics platform. 

The firm said the added capabilities are intended to support derivatives-based yield strategies for institutional clients, including Bitcoin treasuries, asset managers, and corporate entities.

PeterPaul Pardi, Managing Partner of Blockstream Capital Partners, said the transaction strengthens Blockstream Capital Partners’ platform by adding experienced leadership and established derivatives and volatility strategies to address growing institutional demand. 

Gulati stated that the firm has the capabilities to set institutional standards for Bitcoin exposure management and that he looks forward to contributing to that effort. 

Paul Frost-Smith, CEO at Komainu, added that Komainu views Blockstream Capital Partners as a key partner in advancing institutional Bitcoin adoption and expanding Bitcoin-focused products and services.

The transaction follows Blockstream Capital Partners’ December 2025 acquisition of Corbiere Capital Management. 

Numeus Group said it expects to continue collaborating with Blockstream Capital following the completion of the deal. 

Blockstream Capital Partners is affiliated with Adam Back, CEO of Blockstream, and invests across multiple asset classes with a focus on Bitcoin-related infrastructure and financial products.