According to Foresight News, according to The Block, former Galaxy Digital executive Tim Grant has established an investment company focused on cryptocurrency, Deus X Capital, which has accumulated $1 billion in investment assets and capital, which will be deployed in private equity, venture capital, venture construction and fund allocation. According to the announcement of Deus X Capital, it invests globally and has operations in Malta, London and the United Arab Emirates. Deus said that existing investments include its wholly-owned Netrios and shares in Hilbert Group and Galaxy, as well as venture capital in SEBA, HAYVN and Cryptochill. It has also allocated funds to hedge funds in the field, the specific amount of which has not been disclosed. Cryptocurrency market maker AlphaLab40 will be the first incubation project of Deus X.

Tim Grant, who previously served as head of Europe, the Middle East and Africa at Galaxy Digital, will serve as CEO of Deus X Capital; Stuart Connolly, who previously worked at Red Acre Ventures, will serve as chief investment officer.