April 13, 2024

Former Galaxy Digital govt Tim Grant launched a cryptocurrency-focused funding firm known as Deus X Capital with an preliminary $1 billion in funding belongings and capital.

He’ll be a part of the corporate within the function of CEO whereas Stuart Connolly, previously from Crimson Acre Ventures, will function chief funding officer.

Whereas operations will probably be targeted on Malta, London and the United Arab Emirates, Deus X Capital will spend money on personal fairness, enterprise capital, enterprise constructing and fund allocation. Presently, the corporate’s investments embody its wholly-owned Netrios, stakes in Hilbert Group and Galaxy, and enterprise investments in SEBA, HAYVN and Cryptochill.

Cryptocurrency market maker AlphaLab40 will probably be Deus X’s first incubation venture. Connolly, the founder, additionally at the moment serves as CEO at AlphaLab40.

“We’re dedicated to investing in and constructing probably the most revolutionary digital asset, fintech and capital markets companies, establishing a complementary portfolio of corporations that may contribute to creating a brand new monetary system that removes silos, lowers limitations to entry and may create higher outcomes for everybody,” Grant stated in a press release as cited by The Block.

Learn Subsequent: Invesco Galaxy Spot Ether ETF Proposal Joins US Queue, Futures ETF To Launch Quickly

Discover out extra about crypto-focused funding corporations. Be a part of Benzinga’s Fintech Deal Day & Awards on Nov. 13 and Way forward for Digital Property on Nov. 14 in New York Metropolis to remain up to date on tendencies like AI, rules, SEC actions, and institutional adoption within the crypto area. Safe early hen discounted tickets now! What’s extra, USE BZCRYPTO code to get 20% OFF.

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