Stablehouse

Market position

Positioned at the intersection of traditional finance and crypto assets as a regulated, Bermuda-licensed custody and trading provider for institutions. Aggregator listings place it alongside much larger exchanges and custodians such as Coinbase, Gemini, Kraken, Bitfinex, Bitstamp, Uphold, Bitso and Binance, and its own scale is small by comparison, with a team in the single-digit to ten-employee range.

Sources point to regulatory standing as the principal distinguishing feature: operation as a licensed entity under the Bermuda Monetary Authority's Digital Asset Business Act 2018, a custodial framework described as including bankruptcy protections, and compliance-oriented onboarding aimed at risk-averse institutional counterparties. Early government-linked work, such as the Bermuda digital stimulus token pilot, is cited as evidence of public-sector alignment.

Technology

A web-based digital asset platform combining custody and trading. Publicly detected technologies include Atlassian, Auth0, React, React Router, jQuery, X-XSS-Protection, Cloudflare Bot Management and Gatsby. The company's GitHub organization has no public repositories.

Go-to-market

Direct business-to-business engagement with institutional investors and accredited individuals, with institutions partnering with the platform to manage digital asset portfolios. Public announcements have been made via press release wires (Business Wire/AP, PR Newswire) and covered by crypto and fintech trade outlets.

Institutional investors and accredited or qualified individual investors requiring secure, regulated custody and trading of digital assets; early work also included a public-sector pilot with the Government of Bermuda.

Geography

Headquartered in Bermuda; Preqin lists the location as Hamilton, Bermuda in one field and Pembroke, Bermuda in another, while LeadIQ lists the City of Hamilton, Hamilton Parish. Preqin states clients are served globally with target markets in North America, Europe and Asia-Pacific; LeadIQ reports employees across Europe and North America.

History

Founded in 2018 and based in Bermuda, the company initially positioned itself as a payment and FX exchange platform for stablecoins and announced plans for a stablecoin clearinghouse. In September 2020 it ran a test pilot of a digital stimulus token with the Government of Bermuda, and in October 2020 announced $2.18 million in seed funding from Dragonfly Capital and Liberty City Ventures, stating at the time that a Series A raise was planned for Q1 2021. In November 2021 it announced the early access launch of a regulated and licensed digital assets platform under the branding 'StableHouse, powered by XBTO'. Preqin records an acquisition by XBTO Group in August 2023, and the company website states Stablehouse is now part of XBTO Global following Bermuda Monetary Authority regulatory approval.

Risks & controversies

No controversies, litigation or regulatory actions are described in the sources. Data limitations are notable: figures differ across aggregators, including conflicting seed funding amounts ($2.18 million in October 2020 versus a $12 million seed reported for October 2021), inconsistent Bermuda location details (Hamilton versus Pembroke), and an unverified claim of revenue in the hundreds of millions. As an acquired entity, the Stablehouse brand and standalone operations appear to be folded into XBTO.