Digital assets investor and operator Deus X Capital launches with $1bn in investment assets and capital

CEO Tim Grant, formerly Head of EMEA at Galaxy, appointed Chairman of Deus X portfolio company Alpha Lab 40

LONDON and DUBAI, 02 October, 2023 – Deus X Capital, a new family office backed investment and operating company, launched today under the leadership of Chief Executive Officer, Tim Grant with the mission to invest in and operate companies that are helping to build a faster, cheaper and more accessible financial system.

The company launches with an initial $1bn of assets, including existing investments and capital ready to be deployed in private equity, venture capital, venture building and fund allocation opportunities in the digital asset, blockchain, fintech and institutional capital markets sectors.

Grant will be working alongside Deus X’s Chief Investment Officer, Stuart Connolly, who has been running Red Acre Ventures, since 2020. All Red Acre Ventures investments and activities will now operate under the Deus X Capital banner.

As part of the launch, Grant has been appointed Chairman of Alpha Lab 40, the institutional digital assets market making firm that is owned and operated solely by Deus X. Alpha Lab 40 was co-founded by Connolly, its current CEO, and is the first Deus X venture build from incubation. Deus X has also incubated and developed in-house digital asset companies TradeLocker and FunderPro and will continue to replicate this model by building and investing in new ventures from inception as part of the venture build platform.

Deus X’s existing investments include Netrios, a SaaS enterprise producing middle and back office software for FX and crypto brokerages, which is 100% owned by Deus X; stakes in publicly listed companies, such as Hilbert Group (STO:HILB), the quant driven crypto asset manager, and Galaxy (TSX:GLXY), a digital assets and blockchain financial services and investment manager; and venture capital investments such as SEBA, HAYVN and Cryptochill. Deus X also has allocations to a number of hedge funds.

Deus X will serve as an integrated platform of investors, operators, and founders, building an ecosystem of complementary and interconnected businesses that are aligned with the Deus X mission and operate according to the Deus X values of intellectual honesty, professional and ethical integrity, and mutual empowerment.

Tim Grant was previously Head of EMEA at Galaxy and brings more than 20 years’ experience from across the digital assets industry and traditional financial services. He was previously CEO of SIX Digital Exchange, CEO of DrumG Technologies, CEO of R3 Labs, Managing Director at both UBS Investment Bank and Managing Director at multi-strategy hedge fund UBS O’Connor.

Stuart Connolly has been appointed Chief Investment Officer at Deus X and brings more than 13 years’ experience in private capital and venture investing, including roles at Oceanwood Capital Management and BlueCrest Capital Management. Most recently, Connolly has been leading investments in venture capital, hedge funds and venture building for Red Acre Ventures and is a Non-Executive Director at Hilbert Group, Hayvn and CEO of Alpha Lab 40.

Tim Grant, Chief Executive Officer, said: “We believe that combining technology with humanity can help create greater prosperity for everyone. The existing financial system is expensive, unwieldy and works for the few, not the many. We are committed to investing in and building the most innovative digital asset, fintech and capital markets businesses, constructing a complementary portfolio of companies that can contribute to creating a new financial system that removes silos, lowers barriers to entry and can create better outcomes for everyone.”

Deus X invests globally and has a presence in Malta, London and the UAE.