Deus X Capital has launched Solstice Labs, expanding its digital asset ecosystem. The new venture will offer institutional-grade decentralized finance (DeFi) investment products. Solstice Labs was announced after the Solana Breakpoint 2024 event and plans to launch its first project on the Solana blockchain in early 2025. The project is described as a âprotocol that offers enhanced yield opportunitiesâ and will launch with $100 million in total locked value backed by Deus X Capital.
Deus X Capital CEO Tim Grant said Solstice Labs is a key pillar of their strategy to bridge the gap between traditional capital markets and the crypto and DeFi ecosystems. Grant is also the CEO of Cor Prime, to which Deus X Capital has committed up to $100 million in venture capital.
Deus X Capital is backed by liquidity providers and advanced software and AI businesses such as Alpha Lab 40 and APEX:E3. The company also has digital asset startups like TradeLocker and FunderPro among its incubator projects. In February, it partnered with Bridgetower Capital to create crypto infrastructure platform Bridgetower Middle East with $250 million in funding on the Abu Dhabi Global Market.
What are your thoughts on the developments? Share your thoughts in the comments.
