XBTO
XBTO is a global institutional digital asset investment firm based in Hamilton, Bermuda. Founded in 2015 by Philippe Bekhazi, Richad Idris, and Walton Comer, the company has evolved from a proprietary trading firm into a comprehensive provider of crypto-finance solutions. XBTO offers a wide range of services, including trading, custody, asset management, venture capital, and crypto mining, catering primarily to institutional clients. The firm has processed over $100 billion in trading volume and is licensed by the Bermuda Monetary Authority, with additional regulatory approvals in Abu Dhabi.
Investing activity
XBTO appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Pre-seed, with a median round size of $2M. The most recent is Elastics (Pre-seed, $2M, May 2026).
XBTO most often invests alongside Frst, RedStone and a16z Scout network, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about XBTO
What AI companies has XBTO invested in?
XBTO's AI investments include Elastics. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is XBTO based?
XBTO is based in Hamilton, Pembroke Parish, Bermuda.
What stage does XBTO invest at?
In the rounds tracked on AI Lounge, XBTO has invested at Pre-seed, with a median round of $2M.
Who does XBTO co-invest with?
XBTO's most frequent co-investors on AI Lounge are Frst (1 deal), RedStone (1 deal) and a16z Scout network (1 deal).
How can founders reach XBTO?
Founders on AI Lounge can see XBTO's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add XBTO to their Investor Pipeline to track the conversation.