The new business is the most recent of several digital asset enterprises in which Deus X Capital has an interest.
The launch of Solstice Labs, a business that will provide institutional-grade decentralized finance (DeFi) investment products, has allowed Deus X Capital to broaden its developing digital asset ecosystem. It was introduced two days following the launch of Cor Prime, a prime of prime broker that is exclusively focused on the digital asset market, by Deus X Capital.
The announcement of Solstice Labs occurred subsequent to the Solana Breakpoint 2024 event at Token2049. It anticipates the launch of its inaugural initiative on the Solana blockchain in early 2025. Deus X Capital characterized the initiative as “a protocol that provides enhanced yield opportunities.” Thanks to the support of Deus X Capital, it will commence operations with a total secured value exceeding $100 million.
Deus X Capital was established in October 2023 as an investment and operating corporation that is supported by a $1 billion family office. Tim Grant, the CEO of Deus X Capital, serves as the chairman and co-founder of Solstice Labs. Grant issued the following statement:
“Solstice Labs is a critical component of the Deus X Capital strategy to invest in and establish enterprises that serve as an interface between traditional capital markets and the crypto and DeFi ecosystems.”
Grant is also the CEO of Cor Prime, to which Deus X Capital has committed up to $100 million in risk capital. Commercial lending will commence in 2025, subject to regulatory sanction in Abu Dhabi and Bermuda.
The inauguration of Deus X Capital marked the transition of Alpha Lab 40 from incubation. Stuart Connolly, the corporation’s CEO and chief investment officer of Deus X Capital, established it. Grant, a former executive at Galaxy Digital, currently serves as the chairman of Alpha Lab 40 and APEX:E3.
Deus X Capital also includes digital asset companies TradeLocker and FunderPro in its incubator initiatives. In February, it formed a partnership with Bridgetower Capital to establish Bridgetower Middle East, a crypto infrastructure platform, in the Abu Dhabi Global Market. The platform received $250 million in funding.
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