Crypto News- Deus X Capital, a firm supported by a family office, has officially made its debut in the world of investments, with Tim Grant at the helm as CEO. The company is commencing its operations with a substantial war chest of $1 billion in assets. This includes existing investments and capital earmarked for deployment across various sectors, including private equity, venture capital, and digital assets, among others.
Deus X Capital’s Grand Entrance: 1 Billion Dollars in Assets Under Management for Crypto Investment
Tim Grant, the former Head of EMEA at Mike Novogratz’s Galaxy Digital (GLXY) and the ex-CEO of SIX Digital Exchange, brings a wealth of experience gained during his tenure at the traditional finance giant UBS. Stuart Connolly has been appointed as the Chief Investment Officer of the firm.
Grant stressed the importance of innovation in the financial landscape, remarking, ‘The existing financial system is expensive, unwieldy, and works for the few, not the many.’ He affirmed the firm’s dedication to investing in and nurturing innovative ventures in the realms of digital assets, fintech, and capital markets.
Deus X Capital’s existing investment portfolio includes stakes in publicly listed companies like the crypto financial services provider Galaxy and the asset management firm Hilbert Group (HILB). Furthermore, the firm has allocated funds to various hedge funds.
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