Deus X Capital unveils Solstice Labs: A new frontier in institutional DeFi investments

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of Solstice Labs
  2. Creating a constellation of digital asset businesses
  3. Support and Partnerships


    4. Deus X Capital has announced the launch of Solstice Labs, a new business offering institutional-grade DeFi investment products. The announcement follows the recent launch of Cor Prime, a prime broker for the digital asset market.

    Launch of Solstice Labs

    Solstice Labs was announced after the Solana Breakpoint 2024 event at Token2049. Its first project is expected to launch early in 2025 on the Solana blockchain. Deus X Capital described this project as “a protocol offering enhanced yield opportunities.” It will launch with over $100 million in total locked value thanks to Deus X Capital's support.

    Creating a constellation of digital asset businesses

    Deus X Capital is a $1 billion family office-backed investment and operating company founded in October 2023. CEO Tim Grant is the co-founder and chairman of Solstice Labs. Grant said:

    > “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 pledged up to $100 million in risk capital. It is expected to commence commercial lending in 2025, pending regulatory approval in Bermuda and Abu Dhabi.

    Support and Partnerships

    These businesses will be supported by Deus X Capital-owned liquidity provider and market maker Alpha Lab 40 and advanced software and artificial intelligence business APEX:E3. In July, Deus X Capital made a strategic investment in APEX:E3.

    Alpha Lab 40 emerged from incubation with the opening of Deus X Capital. It was founded by Stewart Connolly, who remains its CEO, as well as Deus X Capital's chief investment officer. Grant, a former Galaxy Digital executive, is chairman of Alpha Lab 40 and APEX:E3.

    Other incubator projects include digital asset companies TradeLocker and FunderPro. In February, they partnered with Bridgetower Capital to create the crypto infrastructure platform Bridgetower Middle East in the Abu Dhabi Global Market with $250 million in funding.

    The launch of Solstice Labs further solidifies Deus X Capital's position as a key player in the digital asset market, continuing to bridge traditional financial markets with burgeoning DeFi opportunities.

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