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Deus X Capital Emerges as a Crypto Investment Powerhouse with $1 Billion in Assets

Markets
HANZO
Oct 4, 2023 at 07:02 am

Deus X Capital, an enterprise supported by a family office, has formally launched its operations with an initial asset pool of $1 billion, as confirmed by an announcement from the company.

In his newly appointed role as CEO, Tim Grant brings extensive experience from his previous position as the Head of EMEA at Mike Novogratz’s Galaxy Digital (GLXY). Prior to this, he served as the CEO of SIX Digital Exchange and made substantial contributions to the renowned traditional finance institution, UBS.

Concurrently with Grant's appointment, Stuart Connolly assumes the role of Chief Investment Officer.

The company's substantial asset base of $1 billion encompasses existing investments and funds earmarked for deployment across various sectors, including private equity, venture capital, and fund allocations. These opportunities will span the realms of digital assets, blockchain technology, fintech, and institutional capital markets.

Grant emphasized the need for a more inclusive and streamlined financial system, stating:

 “The existing financial system is expensive, unwieldy and works for the few, not the many.” He further emphasized their dedication to investing in and fostering innovation within digital assets, fintech, and capital markets"

Deus X Capital's current investment portfolio includes holdings in publicly listed entities such as Galaxy, a crypto financial services firm, and Hilbert Group, an asset management company (HILB). Additionally, the firm maintains allocations in various hedge funds.

Operating on a global scale, Deus X Capital has established its presence in key locations including Malta, London, and the UAE.

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