Bitcoin Treasuries Are Naked: The TradFi Hedge That Changes Everything with Patrick Wood from DelphX

<p>What if the biggest risk to Bitcoin treasuries isn’t a bear market… it’s the fact that almost none of them are actually hedged like real treasuries?</p><p><br></p><p>In episode 82, Patrick Wood, President &amp; CEO of DelphX Capital Markets (CSE: DELX | OTCQB: DPXCF), reveals the structured-finance product his team spent years perfecting. The new product is a fully collateralized, transparent, yield-generating downside hedge built specifically for Bitcoin corporate treasuries. No counterparty risk, no opaque OTC deals, no retail-style iBit puts. Just institutional-grade protection that still captures unlimited upside.</p><p><br></p><p>Patrick shares his 30-year Wall Street journey, how he cleaned up a failing public shell, why Canada was once the go-to listing venue for U.S. growth companies, and why he believes most of today’s 200+ digital-asset treasuries are behaving more like leveraged speculators than fiduciaries. If you’re wondering why MNAV is collapsing, why leverage is quietly piling up again, and how one company plans to bring real risk management to crypto treasuries, then this episode is for you.</p><p><br></p><p>⌛ Timestamps:</p><p>00:00:00 Episode trailer</p><p>00:00:35 Show &amp; guest introduction</p><p>00:02:00 30-year Wall Street journey &amp; taking companies public in Canada</p><p>00:08:00 How Patrick discovered blockchain in 2013</p><p>00:13:20 Patrick explains how to hedge Bitcoin</p><p>00:16:16 Deep dive into DelphX&#39;s new Bitcoin hedge product</p><p>00:22:45 DelphX new product&#39;s intended target users: hedge funds + treasuries</p><p>00:25:15 The product is designed to capture upside and protect downside</p><p>00:30:15 Patrick&#39;s thought on Digital Asset Treasury (DAT) companies</p><p>00:35:48 Competitors to DelphX&#39;s new Bitcoin hedge product</p><p>00:39:52 Current traction and business model</p><p>00:41:48 Challenges facing DelphX</p><p>00:43:55 Why treasuries should hedge (FTX-style risks still exist)</p><p>00:48:55 Advice for aspiring entrepreneurs</p><p>00:51:43 Where to follow Patrick &amp; DelphX</p><p>00:52:44 Episode outro and next episode preview</p><p><br></p><p>Follow DelphX Capital Markets:</p><p>DelphX&#39;s Website: <a href="https://www.delphx.com/">https://www.delphx.com/</a> </p><p>DelphX&#39;s Twitter/X: <a href="https://x.com/delphx_">https://x.com/delphx_</a> </p><p>DelphX&#39;s LinkedIn: <a href="https://www.linkedin.com/company/delphx-capital-markets-inc">https://www.linkedin.com/company/delphx-capital-markets-inc</a></p><p><br></p><p>Our social media: </p><p>Crypto card guide: https://cryptocardguide.com</p><p>Twitter/X: https://x.com/ColorsofWeb3pod</p><p>LinkedIn: https://linkedin.com/company/colors-of-web3-entrepreneurship</p><p><br></p><p>If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!</p>