Former Galaxy Digital executive Tim Grant launched a cryptocurrency-focused investment company called Deus X Capital with an initial $1 billion in investment assets and capital.

He will join the company in the role of CEO while Stuart Connolly, formerly from Red Acre Ventures, will serve as chief investment officer.

While operations will be focused on Malta, London and the United Arab Emirates, Deus X Capital will invest in private equity, venture capital, venture building and fund allocation. Currently, the company’s investments include its wholly-owned Netrios, stakes in Hilbert Group and Galaxy, and venture investments in SEBA, HAYVN and Cryptochill.

Cryptocurrency market maker AlphaLab40 will be Deus X's first incubation project. Connolly, the founder, also currently serves as CEO at AlphaLab40.

“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,” Grant said in a statement as cited by The Block.

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