Deus X Capital, a newly established crypto investment firm, has entered the market with a significant $1 billion in assets under management (AUM).

Deus X Capital, a newly launched investment firm backed by a family office, has announced its debut in the financial world, appointing Tim Grant as its CEO. The firm starts its journey with an impressive $1 billion in assets, comprising current investments and capital earmarked for deployment across various sectors, including private equity, venture capital, and digital assets. These investments will primarily focus on areas like blockchain, fintech, and institutional capital markets.

Tim Grant, who previously served as the Head of EMEA at Galaxy Digital, founded by Mike Novogratz, will lead Deus X Capital as its CEO. Grant also brings experience from his previous role as CEO of SIX Digital Exchange and his tenure at the traditional financial powerhouse, UBS.

Stuart Connolly has been named the Chief Investment Officer of the firm, emphasizing the company’s dedication to cultivating innovative businesses within the digital asset, fintech, and capital markets sectors.

Tim Grant remarked on the firm’s mission, stating, “The existing financial system is expensive, unwieldy and works for the few, not the many.” He also expressed the firm’s commitment to investing in and fostering groundbreaking digital asset, fintech, and capital markets ventures.

Deus X Capital has already made strategic investments in publicly traded companies, including Galaxy, a crypto financial services provider, and Hilbert Group, an asset management firm. The firm has also allocated funds to various hedge funds. With a global investment focus, Deus X Capital maintains a presence in multiple locations, including Malta, London, and the United Arab Emirates (UAE).