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Crypto Investment Firm Blockstream to Acquire TradFi Hedge Fund Corbiere Capital

The planned deal will bring Corbiere’s equity and event-driven strategies under Blockstream’s asset management arm.

Updated Dec 11, 2025, 5:36 p.m. Published Dec 11, 2025, 5:36 p.m.
Adam Back, CEO Blockstream (CoinDesk/Personae Digital)
Adam Back, CEO Blockstream (CoinDesk/Personae Digital)

What to know:

  • Blockstream plans to acquire Jersey-based hedge fund Corbiere Capital Management for an undisclosed amount.
  • Corbiere founder Rodrigo Rodriguez will become CIO of Blockstream Capital Management, a new asset management unit.
  • Komainu, a Blockstream portfolio company, will handle custody, connectivity and off-exchange collateral management.

Crypto investment firm Blockstream Capital Partners (BCP) plans to acquire Corbiere Capital Management, a Jersey-based equities hedge fund founded by Rodrigo Rodriguez in 2023, the company said in a press release Thursday.

Financial details of the acquisition were not disclosed.

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BCP said the Corbiere deal will add equity and event-driven strategies to its existing bitcoin-linked products, building out a multi-strategy platform targeted at institutional investors

The firm said the combination is designed to enable more diversified portfolios that combine traditional securities with bitcoin-referenced exposures.

Rodriguez will become chief investment officer of Blockstream Capital Management, a new asset management entity within BCP.

He has more than 25 years of experience in equity and event-driven strategies, including roles at JPMorgan (JPM), Credit Suisse and BlueCrest, where he served as CIO of its event-driven portfolio.

Corbiere’s team focuses on global equity markets, corporate actions and tactical trading.

Komainu, a digital asset custodian in which BCP is an investor, will provide custody, exchange connectivity, collateral management and related corporate support via its Komainu Connect platform.

“Core to our mission of building the leading global institutional bitcoin-referenced investment platform is the acquisition of experienced investment teams with specific complementary expertise in alpha-focused investment strategies,” said PeterPaul Pardi, managing partner of Blockstream Capital Partners, in the release.

“The increase in activity around bitcoin treasury companies, and listed companies holding bitcoin as an asset on their balance sheet, makes it critical to understand how that translates into equity pricing and volatility,” Rodriguez said in the release.

BCP is affiliated with Blockstream CEO Adam Back and invests across asset classes including venture capital, private and public equity, credit, real estate and insurance, with a focus on Bitcoin-related financial infrastructure and products.

Read more: Adam Back's Blockstream Unveils Bitcoin-Powered, Liquid Network-Based Smart Contracts

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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