Investor · Entrepreneur · Allocator

A career built on the asymmetry  between perceived risk and real opportunity overlooked by conventional capital.

Patrick Horsman, CFA, is the Chief Investment Officer of BNB Plus Corp. (Nasdaq: BNBX), a Nasdaq-listed digital asset treasury holding BNB and generating native yield from the Binance ecosystem. He is also the Founder of Octopus Investments and Horsman Holdings, and over two decades has built and capitalized alternative investment platforms across hedge funds, private equity, real estate, and digital assets, with a focus on niche strategies that hold a sustainable competitive advantage.

Currently CIO · BNB Plus (Nasdaq: BNBX)
Founded Octopus Investments
Based San Juan, Puerto Rico
Patrick Horsman, Chief Investment Officer of BNB Plus Corp., photographed in San Juan, Puerto Rico, 2026
Patrick Horsman San Juan, 2026

A serial entrepreneur with an instinct for what others overlook.

Patrick Horsman is a Canadian-born American investor and entrepreneur who has spent more than two decades building businesses in alternative assets. His career has stretched across capital raising, hedge funds, private equity, agricultural land, real estate, thematic ETFs, and digital assets, bound together by a single discipline: identify durable advantage in places mainstream capital has yet to map.

Born in Saint John, New Brunswick and raised in Halifax, Nova Scotia, Patrick relocated to Scottsdale, Arizona at fifteen. He went on to graduate Magna Cum Laude from the University of Arizona's Eller College of Management with a triple major in finance, accounting, and entrepreneurship. That same year, 2002, he co-founded his first firm, Blue Sand Securities.

Today he is the Founder and Managing Partner of Octopus Investments, a Puerto Rico-based platform that identifies, structures, and seeds alternative asset managers. He also leads the team at Horsman Holdings, his single-family office, and has co-founded firms across litigation finance, agricultural development, decentralized finance, and real estate.

Patrick is a CFA Charterholder and is or has been a member of TIGER 21, the Milken Institute, The Family Office Association, 3i Members, The Legacy Alliance and the Financial Analysts Society of Puerto Rico. He resides in San Juan with his family.

Two decades, one philosophy.

2002

Blue Sand Securities Past role

Co-Founder

A FINRA-registered placement agent and broker-dealer raising institutional capital for hedge funds, private equity, real estate, and venture funds. Over its history the firm has raised more than $15 billion from institutional investors.

Co-founded with
Michael Cooney
2009

Merion Investment Management Past role

Co-Founder & COO

Event-driven hedge funds focused on litigation finance. Co-launched with securities attorney Andrew Barroway and Sam Johnson. Reached approximately $1.2 billion in peak assets under management.

Litigation Finance
Hedge Fund
2010

Context Summits Past role

Co-Founder & Board Member

The leading capital introduction conference series in the alternatives industry, connecting hedge fund and private equity managers with institutional allocators across multiple flagship events globally each year.

Capital Introduction
Conference Series
2011

Integrated Ag Past role

Co-Founder & Managing Partner

A private equity fund developing US farmland for institutional investors with a specialty in water infrastructure and sub-surface drip irrigation. Approximately 17,000 acres of farmland developed on behalf of LPs across Arizona and California.

Agricultural
Real Assets
2017

Innovation Shares Past role

Co-Founder

A thematic ETF index sponsor leveraging Natural Language Processing to construct exposure to emerging themes. Launched three ETFs on the NYSE: KOIN (one of the first blockchain ETFs), EKAR, and THCX (one of the first cannabis ETFs).

NYSE: KOIN, EKAR, THCX
2018

Esoteric Investments Active

Founder & Managing Partner

The general partner of Esoteric Strategies, a venture capital fund investing in pre-IPO growth equity companies. The fund pursues late-stage private positions in category-defining businesses approaching public-market liquidity, sourced through Patrick's institutional network across the alternatives ecosystem.

Venture Capital
Pre-IPO Growth Equity
2019

Octopus Investments Active

Founder & Managing Partner

A Puerto Rico-based investment management platform that identifies, structures, provides seed capital, and builds alternative asset management businesses globally. Octopus operates across digital assets and other esoteric strategies.

San Juan, PR
Active
2021

Coral Capital Past role

Co-Founder & Managing Partner

An investment platform focused on decentralized finance and market-neutral strategies within crypto. Featured at industry forums including Investopia and panels covering the future of DeFi.

DeFi &
Crypto Strategies
2021

Crimson Canyon Active

Co-Founder

An institutional real estate developer, operator, and investor managing a private equity fund across industrial, self-storage, data center, and luxury residential development in Arizona and other high-growth Western US markets. Approximately 500,000 square feet under development with a pipeline approaching 2 million square feet across submarkets including Buckeye, Casa Grande, Marana, Chandler, Queen Creek, and Scottsdale.

Scottsdale, AZ
Real Estate Private Equity
2022

Cashmere Capital Active

Managing Partner

A private equity firm specializing in the development of brands, intellectual property, and intangible assets, with a focus on hidden assets, lost brands, and recovery projects sourced through proprietary internal research.

Brands, IP &
Intangibles
2025

BNB Plus Corp. Current

Chief Investment Officer · Nasdaq: BNBX

Public-company digital asset treasury delivering institutional-grade access to the Binance ecosystem. Patrick leads investment strategy alongside Chairman Joshua Kruger, CEO Clay Shorrock, and strategic advisor Anthony Scaramucci of SkyBridge Capital. The platform combines a long BNB position with non-directional yield strategies designed to grow BNB-per-share for long-term holders.

Nasdaq: BNBX
Digital Asset Treasury
Ongoing

Horsman Holdings Active

Managing Partner

Single-family office investing across alternatives on behalf of family trusts, insurance companies, foundations, and related entities. Long-duration capital, allocator across the platforms above.

Single Family Office

Active platforms across alternatives, real assets, and digital.

i.

Octopus Investments

Alternative Manager Platform

Identifies, structures, seeds, and operationally supports alternative asset managers globally from a Puerto Rico base. The platform underwrites strategies that are uncorrelated, niche, and durable.

Hedge Funds Digital Assets Private Equity
ii.

Horsman Holdings

Single Family Office

Long-duration capital for family trusts, insurance entities, and foundations, allocating across the platforms within the Horsman investment universe and select third-party opportunities.

Allocations Direct Investments Real Estate
iii.

Esoteric Investments

Venture Capital · Pre-IPO Growth Equity

The general partner of Esoteric Strategies, a venture capital fund investing in pre-IPO growth equity. The fund takes late-stage private positions in category-defining businesses approaching public-market liquidity, sourced through Patrick's institutional network across the alternatives ecosystem.

Venture Capital Pre-IPO Late-Stage Private
iv.

Crimson Canyon

Real Estate Private Equity · Western US

An institutional real estate developer, operator, and investor managing a private equity fund focused on industrial, self-storage, data center, and luxury residential development across Arizona and other high-growth Western US markets. Approximately 500,000 square feet under development with a pipeline approaching 2 million square feet.

Industrial Self-Storage Data Centers Residential

Selected Prior & Affiliated Ventures

Blue Sand Securities
Placement agent & broker-dealer
Merion Investment Management
Litigation finance hedge fund
Integrated Ag
Agricultural real estate PE
Innovation Shares
Thematic ETF sponsor: KOIN, EKAR, THCX
Coral Capital
DeFi & crypto strategies
Verified Organic
Ethereum-based supply chain transparency
Cypress Settlements
Class-action FinTech (acquired by FRT, 2015)
Dorado Development
Puerto Rico real estate development
Bay Front Development
Miami Beach real estate
Safe Shepherd
Personal information removal, 500 Startups
Arizona Coyotes (NHL)
Board Member

A foundation of discipline and rigor.

1998–2002

The University of Arizona

Eller College of Management

Bachelor of Science in Business Administration. Triple major in Finance, Accounting, and Entrepreneurship. Graduated Magna Cum Laude in 2002.

1995–1998

Desert Mountain High School

Scottsdale, Arizona

Member of the Basketball, Golf, Track, and Cross-Country teams. Graduated 1998 prior to matriculating at the University of Arizona.

CFA
Chartered Financial Analyst
CFA Institute, completed 2003–2006
7
FINRA Series 7
General securities representative
24
FINRA Series 24
General securities principal
66
FINRA Series 66
Uniform combined state law
79
FINRA Series 79
Investment banking representative

Notes from the desk on markets, capital, and conviction.

Quoted & covered by the financial press of record.

Patrick has been quoted and featured in coverage from The Wall Street Journal, Bloomberg, CNBC, Fortune, Hedge Fund Alert, Cointelegraph, The Block, Hedgeweek, Seeking Alpha, and others, primarily on digital asset treasuries, the Binance ecosystem, and the broader trajectory of institutional crypto capital.

Bloomberg
The Wall Street Journal
CNBC
Fortune
NASDAQ.com
Hedge FundAlert
As featured in The Wall Street Journal · December 2025
“I think we could see bitcoin get all the way back to $60,000. We don't think the pain is over.”
Patrick Horsman, CFA, Chief Investment Officer, BNB Plus Corp. (Nasdaq: BNBX)
Speaking with the Journal as the year-end risk-off rotation hit crypto, equities, and other speculative trades, Patrick told the paper that investors were dialing down risk exposure amid pessimism about the broader market and economy, warning that the bitcoin drawdown was likely to deepen further before stabilizing.
Read on WSJ.com → Syndicated to Fortune · PYMNTS · The Average Joe · Read The Joe
Bloomberg · original reporting

Hedge fund execs eye $100 million for accumulating BNB token

Bloomberg's June 2025 scoop on the formation of what would become BNB Plus, reporting that Patrick Horsman, Joshua Kruger, and Johnathan Pasch, formerly of Coral Capital, were raising $100M to launch a Nasdaq-listed BNB treasury.
June 23, 2025 Bloomberg News Syndicated worldwide
Bloomberg, June 2025
$100MInitial treasury raise
Show all coverage Hide additional coverage
Press inquiries: PH@PatrickHorsman.com

Selected appearances at the lectern.

Conferences & Panels

2020–present
May 2026
Bermuda Digital Finance Forum
Speaker. The 2nd annual invitation-only forum on digital asset management and the financial applications of artificial intelligence, co-hosted by SALT, Penrose Partners and DAIS at the Hamilton Princess
Hamilton, Bermuda
Feb 2026
Consensus Hong Kong
Speaker. CoinDesk's flagship Asia-Pacific event on crypto, blockchain and Web3
Hong Kong
Jan 2026
Digital Asset Virtual Investor Conference
Co-presenter with BNB Plus Chairman Joshua Kruger. Live investor presentation, Q&A and 1x1 meetings
Virtual
Nov 2025
SALT London
Panelist on “New Access Points: DeFi, Tokenization, and Digital Asset Treasuries (DATs).” With Brittany Kaiser (AlphaTON Capital, Nasdaq: ATON), Michael Healy (Unit Network), and Henry K. Elder (Satsuma Technology); moderated by Camilla McFarland (The Ether Machine). Held at The Chancery Rosewood.
London, UK
Show full speaking history Hide
Mar 2023
Investopia, Abu Dhabi
Panelist. The UAE Government's global investment platform, in partnership with SALT
Abu Dhabi, UAE
Jan 2023
Blockchain Hub Davos: DeFi 2.0
Panelist during the World Economic Forum Annual Meeting, hosted by CV Labs & CasperLabs
Davos, Switzerland
May 2022
Blockchain Hub Davos: "Programmable Money is Here"
Panelist with Kraken Europe, SwissBorg and CasperLabs, moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr, during WEF
Davos, Switzerland
Feb 2022
FLAIA: "Risk/Reward of the DeFi Wilderness"
Panelist with Jeremy Johnson and Danielle Wall Elliott, hosted by Formidium for the Forum for Alternative Investment Analysts
Virtual
Feb 2020
Opal Group Family Office Winter Forum
Speaker. Alternatives, real assets and emerging segments
United States

Memberships & Forums

Active
Member
TIGER 21
Peer-to-peer learning network for high-net-worth wealth holders, family office principals and entrepreneurs
Global
Member
Milken Institute, Milken Young Leaders
Independent economic think tank and global gathering for finance, philanthropy and policy
Global
Member
Financial Analysts Society of Puerto Rico
CFA-affiliated society for the Puerto Rico investment community
San Juan, PR
Member
The Legacy Alliance
A peer network of family principals and operators focused on multi-generational stewardship and the architecture of family enterprises
United States
Member
3i Members
An invitation-only deal network connecting accredited investors and family offices for direct, co-investment opportunities
United States
Co-Founder
Paradiso College Preparatory
Co-Founder and board member. Tuition-free college-preparatory charter school network in Puerto Rico, currently serving grades five through ten
San Juan, PR
Charterholder
CFA Institute
Chartered Financial Analyst. The global standard for investment management professionals
Global
Member
Global Real Estate Institute (GRI)
Senior real estate investor & developer network for institutional players
Global

Building the schools Puerto Rico needs.

Co-Founder · Board Member

Paradiso College Preparatory

A college-preparatory charter school network created to give Puerto Rico's families the kind of education that has been the privilege of the few.

Patrick is one of three co-founders of Paradiso College Preparatory, alongside Joshua Kruger and Brenton Nevarez. The school is a network of tuition-free charter schools in Puerto Rico designed to deliver a rigorous, college-preparatory education to students of every background. It exists for a straightforward reason: in a U.S. territory where access to quality K-12 education has been uneven for generations, the most consequential thing a person can do is help build institutions that change the trajectory of a child's life.

Paradiso operates a college-preparatory model currently serving grades five through ten, with one new upper-school grade added each year as the founding cohort matures. This deliberate build-up approach lets the school get every grade right before adding the next. The curriculum and faculty are selected to prepare every graduate for admission to a competitive four-year university, not as the exception, but as the expectation. Patrick raised $17 million of founding capital to launch the school, of which he contributed more than $2 million personally, and he continues to serve as a member of the board of the CMO (Charter Management Organization).

Paradiso reflects a conviction that runs through Patrick's professional career as well: that real value is created in the places where conventional capital and conventional thinking have not yet arrived, and that the most durable returns, financial or otherwise, come from building what should exist rather than allocating to what already does.

Network Paradiso College Preparatory
Locations San Juan, Puerto Rico

A life lived outside the office.

Patrick Horsman with co-winner Josh Booty holding trophies at the 2025 Kings of EBITDA invitational golf tournament, Butler National Golf Club, Illinois
i.

Golf

Butler National · Kings of EBITDA · since age 15

Patrick Horsman in a Cressi wetsuit on the beach in Puerto Rico after a spearfishing dive, holding several reef fish
ii.

Spearfishing

Reefs of Puerto Rico · founder, 100+ member group

Patrick Horsman at Cabot Saint Lucia, on the cliffside hole overlooking the Caribbean Sea
iii.

Cabot Saint Lucia

Caribbean coast · international rounds

Patrick Horsman in Tribeca, New York City
iv.

Tribeca, New York

City life · downtown Manhattan

Let's talk.

General & Investment Inquiries
PH@PatrickHorsman.com
Office

San Juan, Puerto Rico

Connect

Find Patrick on the platforms
he most actively maintains.

© 2026 Patrick Horsman. All rights reserved.
San Juan, PR