Deus X Capital has broadened its developing digital asset ecosystem by launching Solstice Labs, a business that will provide institutional-grade decentralized finance (DeFi) investment products.
It was introduced two days after the launch of Cor Prime, a prime of prime broker exclusively focused on the digital asset market, by Deus X Capital.
The announcement of Solstice Labs occurred after 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.
Establishing a network of digital asset enterprises
Deus X Capital was established in October 2023 as an investment and operating corporation that a $1 billion family office backs. 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 represents a key pillar in the Deus X Capital strategy to invest in and build enterprises that act as a bridge between traditional capital markets and 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.
Deus X Capital, a liquidity provider and market maker, will support those enterprises
Alpha Lab 40 and APEX:E3, an advanced software and artificial intelligence company. Deus X Capital invested strategically in APEX:E3 in July.
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, is 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 partnered 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.
