Investment Philosophy

As one of the largest and most trusted digital asset innovators and investors, we lead fintech ecosystem transformation and capture top-tier early stage opportunities. In addition to this proprietary deal flow,  XBTO Humla also leverages a global network of top VCs, industry luminaries and co-investors.

• We invest in entrepreneurs with a combination of strong experience, vision and execution
• We look at the areas of intersection and cross-pollination where global trends and societal sustainability match emerging fintech capabilities
• We are patient capital, with the ability to help entrepreneurs with strategic advice, introductions or mentorship when sought
• As an active industry trader, capital manager and innovator we are able to supercharge our portfolio by helping strategically

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Our Team

We are an industry-recognized team, with background in startups and venture capital, as well as digital finance, and Bitcoin. The team has significant M&A, corporate development, board of directors, and entrepreneurial experience. Partners have generated successful exits and built value in previous businesses. XBTO’s leaders also hold annual meetings for experts, regularly speak at conferences, and provide advice on crypto policies and strategy to institutions and governments.

Greg Carson

Partner

• Over 20 years in tech, VC investing & investment banking, at UBS Investment Bank and GU Ventures 
• Head of Ventures/Corp Dev of XBTO Group
• M&A 25+ deals in 20 countries($2.4B)
• UCSD, MIT, UPenn 
• Wharton MBA

Philippe Bekhazi

Venture Partner

• Over 16 years in financial trading & start up funding experience
• Founder & CEO of XBTO Group
• Experience in trading derivatives at SAC Capital Advisors of NYC
• Advisor to key institutions and governments on cryptocurrency policy and investing

Walton Comer

Venture Partner

• Over 20 years in investment strategy, risk and VC investing, like SAC and FalconBridge
• Founder & CIO of XBTO Group
• Board Member at Lucid
• One of the first algorithmic traders in Bitcoin
• Columbia University

*Venture Partners are advisors to XBTO Humla Ventures.

Paul Phillips

Senior Vice President, Principal

• Over 20 years in executive management, start-up funding, consulting, and investment banking, at Raymond James, Price Waterhouse, and EQV Partners
• Venture Capital and Corporate Development SVP and Principal at XBTO Group
• M&A 50+ deals
• University of Florida
• Avid skier, musician and yogi.

Hugues Dongmo

Vice President

• 14 years of experience in derivative pricing and risk management at HSBC, Societe Generate, SOFI, and more
  
• Experience with equity research in public and private markets in emerging markets
  
• Vice President, Corporate Development and Ventures at XBTO Group
  
• Passionate salsa dancer, long-distance runner, rollerblader, and scuba diver
  
• Columbia Business School, MBA

Kasia Kostun

Associate

• 8 years of financial and project management experience at General Electric, NYU and private equity firms
• Associate, Corporate Development and Ventures of XBTO Group
• NYU Stern MBA

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Our Competitive Advantage

Entrepreneur and Values Focused

​The XBTO team is known for its values-centric investment ethics and for working closely with its management teams to mentor, create thriving relationships, make introductions, and help strategically when asked.

Industry Experience

​​​XBTO was founded in 2015 as the first entity to provide institutional grade liquidity for digital assets and continues to grow and shape the market. 

Proprietary Deal Sourcing

​​​XBTO Humla leverages a global network of top VCs, digital asset innovators and investors, focusing on sector rather than geography.

Established Global Reputation

​Entrepreneurs choose to work with us: a trusted team with backgrounds with blue-chip financial companies and leading cryptofinance expertise.​ 

Strong Track Record

​The firm has achieved a realized return of 8.5x in its proof of concept portfolio and invests with some of the industries most innovative leaders.