Former Galaxy Digital executives establish crypto investment firm Deus X Capital, which has accumulated $1 billion in investment capital

ChainCatcher news, former Galaxy Digital executive Tim Grant has founded a cryptocurrency-focused investment firm, Deus X Capital, which has now accumulated $1 billion in investment assets and capital to be deployed in private equity, venture capital, risk building, and fund allocation.

Deus X Capital's announcement indicates that it invests globally, with operations in Malta, London, and the United Arab Emirates. Deus states that its existing investments include its wholly-owned Netrios, as well as stakes in Hilbert Group and Galaxy, along with venture investments in SEBA, HAYVN, and Cryptochill. It has also allocated funds to hedge funds in the field, with specific amounts undisclosed. Cryptocurrency market maker AlphaLab40 will be Deus X's first incubation project.

Tim Grant previously served as the head of Galaxy Digital for Europe, the Middle East, and Africa, and will serve as CEO of Deus X Capital; Stuart Connolly, formerly of Red Acre Ventures, will take on the role of Chief Investment Officer.