Deus X Capital has expanded its digital asset portfolio with the launch of Solstice Labs, aimed at offering institutional-grade decentralized finance (DeFi) products.
Announced just days after the debut of Cor Prime, a prime broker for digital assets, Solstice Labs is set to introduce its first project on the Solana blockchain by early 2025.
The project, described as a protocol offering enhanced yield opportunities, will launch with over $100 million in total locked value (TLV) supported by Deus X Capital.
Solstice Labs is part of Deus X Capital’s strategy to bridge the gap between traditional financial markets and the rapidly growing crypto and DeFi sectors.
Tim Grant, CEO of Deus X Capital and co-founder of Solstice Labs, emphasized its importance in the company’s long-term vision.
"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 said.
Deus X Capital, founded in October 2023 and backed by a $1 billion family office, has quickly established a strong presence in the digital asset space.
In addition to Solstice Labs, the firm has launched Cor Prime, which is expected to begin commercial lending operations in 2025, pending regulatory approval in Bermuda and Abu Dhabi.
Cor Prime is supported by up to $100 million in risk capital from Deus X Capital.
The firm’s expanding ecosystem includes liquidity provider Alpha Lab 40 and advanced software company APEX, both of which are expected to play key roles in supporting Solstice Labs and other ventures.
Deus X Capital continues to build out its network, investing in projects that facilitate the integration of traditional finance with blockchain and decentralized systems.