Thejas Nalval
Thejas Nalval is the Founder and Chief Investment Officer of Parataxis Capital, a multi strategy investment firm dedicated to the digital asset sector. At Parataxis, he has spearheaded the development of several differentiated strategies across credit, arbitrage, and directional trading, providing institutional investors with exposure tailored to specific risk appetites. With a career rooted in both traditional finance and crypto native markets, Nalval specializes in navigating the complex market structures of the decentralized economy. Before founding Parataxis Capital, he served as a Portfolio Manager with the digital asset hedge fund LedgerPrime and as the Head of Asset Management at The Element Group, a digital asset merchant bank. He also spent 8 years at Goldman Sachs, most recently serving as a trader within the firm’s elite macro trading group. Today, Nalval is a leading voice in the evolution of digital finance, frequently sharing insights on how liquidity and macro forces are driving the next phase of global adoption.
Thejas Nalval Professional Experience / Academic History
Professional Experience
-
Co-Founder, Chief Investment Officer
-
Vice President, Market Risk
-
Vice President, Macro Trading
-
Prime Brokerage
Academic History
-
Master of Business Administration, Quantitative Finance
-
Bachelor of Arts, Economics
Under Thejas Nalval’s leadership, Parataxis Capital provides a sophisticated "outsourced investment office" experience for institutional allocators seeking high-grade digital asset exposure.
As Chief Investment Officer, he oversees the firm’s daily risk protocols, ensuring that multi-strategy vehicles remain resilient across diverse market cycles.
Nalval is a vocal proponent of Real-World Asset (RWA) tokenization, specifically focusing on the institutionalization of Bitcoin treasuries and the development of on-chain credit markets.
Known for his thoughtful macro views and sharp market insights, he is a frequent contributor to premier financial media outlets such as Real Vision and The Block, where he discusses the convergence of traditional macro-finance and digital liquidity.
EARLY CAREER
Thejas Nalval’s expertise in digital asset management is built upon more than a decade of leadership within the world’s most prominent financial institutions.
Before entering the blockchain sector, Nalval served as a Vice President of Macro Trading at Goldman Sachs, where he was responsible for managing a proprietary index rebalance book.
His tenure at Goldman also included extensive experience managing sales and trading coverage for institutional customers, specifically focusing on program trades, ETFs, and synthetics.
Prior to his role at Goldman Sachs, he was the Vice President of Market Risk at J.P. Morgan, where he directed risk management strategies for the North American cash and equity derivatives businesses.