Deus X Capital Expands Its Digital Asset Ecosystem with the Launch of Solstice Labs

Deus X Capital has expanded its developing digital asset ecosystem with the launch of Solstice Labs, a business that will offer institutional-grade

Investment and operating company Deus X Capital, which is backed by a $1 billion family office, has unveiled Solstice Labs, a venture that will create institutional-grade decentralized finance (DeFi) investment products.

The announcement of Solstice Labs comes two days after Deus X Capital unveiled Cor Prime, a prime of prime broker dedicated to the digital asset market.

Solstice Labs was announced on the sidelines of the Solana Breakpoint 2024 event at Token2049. It is targeting an early 2025 launch for its first project on the Solana blockchain.

That project will be “a protocol offering enhanced yield opportunities,” according to a statement from Deus X Capital. It will launch with over $100 million total locked value thanks to Deus X Capital support.

Building out a constellation of digital asset ventures

Founded in October 2023, Deus X Capital is a family office-backed investment and operating company with $1 billion in capital commitments. Deus X Capital CEO Tim Grant is the co-founder and chairman of Solstice Labs.

“Solstice Labs will create, launch and scale the next generation of DeFi protocols and products,” said Grant in a statement.

“We expect to launch Solstice Labs’ first project early next year on the Solana blockchain. This will be a protocol offering enhanced yield opportunities, launching with over $100 million TVL [total value locked] thanks to Deus X support.”

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 ventures 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.