According to a statement from the company, Tim Grant was named CEO of the investment firm Deus X Capital, which is funded by a family office.
The business starts out with $1 billion in assets, including money that has already been invested and money that will be used for private equity, venture capital, and fund allocation possibilities in the institutional capital markets, blockchain, fintech, and digital asset sectors.
At Mike Novogratz’s Galaxy Digital (GLXY), Grant previously served as Head of EMEA. He formerly held the position of CEO of SIX Digital Exchange and worked for the trading behemoth UBS. The company announced the appointment of Stuart Connolly as chief investment officer.
“We are committed to investing in and building the most innovative digital asset, fintech, and capital markets businesses,” Grant said, adding that “the existing financial system is expensive, cumbersome, and works for the few, not the many.”
The company now has investments in publicly traded businesses such asset management Hilbert Group (HILB) and cryptocurrency financial services provider Galaxy. Additionally, it holds investments in several hedge firms. Global investor Deus X Capital has offices in Malta, London, and the United Arab Emirates.