Deus X Capital has expanded its developing digital asset ecosystem with the launch of Solstice Labs, a business that will offer institutional-grade decentralized finance (DeFi) investment products. It appears two days after Deus X Capital debuted Cor Prime, a prime of prime broker dedicated to the digital asset market.
Solstice Labs was announced after the Solana Breakpoint 2024 event at Token2049. It expects to launch its first project early in 2025 on the Solana blockchain. Deus X Capital described that project as “a protocol offering enhanced yield opportunities.” It will launch with over $100 million total locked value thanks to Deus X Capital 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. Deus X Capital CEO Tim Grant is the co-founder and chairman of Solstice Labs. Grant said in a statement:
“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 will commence commercial lending in 2025, pending regulatory approval in Bermuda and Abu Dhabi.
Those businesses will be supported Deus X Capital-owned liquidity provider and market maker
Alpha Lab 40 and advanced software and artificial intelligence business APEX:E3. Deus X Capital made a strategic investment in APEX:E3 in July.
Alpha Lab 40 emerged from incubation with the opening of Deus X Capital. It was founded by Stuart Connolly, who remains its CEO, as well as Deus X Capital chief investment officer. Grant, a former Galaxy Digital executive, is chairman of Alpha Lab 40 and APEX:E3.
Deus X Capital also counts digital asset companies TradeLocker and FunderPro among its incubator projects. It partnered with Bridgetower Capital to create crypto infrastructure platform Bridgetower Middle East in the Abu Dhabi Global Market in February with $250 million in funding.
