By
Temitope Olatunji
March 19th, 2024
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital.
Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth $1 billion, The Block confirmed in a Monday post.
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Grant will lead the firm as it looks to deploy the $1 billion across private equity, venture capital, venture building, and fund allocation opportunities within the crypto space.
Meanwhile, it might be worth noting that there is an enormous amount of wealth of experience that Grant brings to Deus X. Before his last job at Mike Novogratz’s Galaxy Digital, he was CEO of SIX Digital Exchange and also worked at TradFi giant UBS.
Besides, Grant will be joined by Stuart Connolly, who has been at the helm of affairs at Red Acre Ventures since 2020. Connolly will work as the chief investment officer at Deus X per today’s announcement. And, interestingly, all of Red Acre’s investments now exist under the Deus X brand umbrella.
Deus X Capital to Invest in Top Businesses
Right off the bat, Deus X will be looking to make the best of the situation by riding on the wave of this monumental launch. In line with this view, Grant suggests that the firm will only be doing business with top crypto businesses across the globe that already align with Deus’ goals. He said partly:
“We are committed to investing in and building the most innovative digital asset, fintech and capital markets businesses.”
Presently, Deus’ existing investments include Netrios, which it completely owns. The firm also has stakes in publicly listed companies such as asset manager Hilbert Group (HILB) and crypto financial services firm Galaxy. Cryptochill, SEBA, and HAYVN are some of its venture capital investments, while it also has allocations to several hedge funds.
Deus X Capital appears keen on establishing its investment footprint around the world. This might explain why it currently has a presence in Malta, London, and even the UAE.
