According to BlockBeats, on September 20, crypto investment institution Deus X Capital announced the launch of DeFi business Solstice Labs. The company said that Solstice Labs is building institutional-grade DeFi products and protocols that are available to all investors.

Deus X said that the first project of the business is a protocol that provides higher yield opportunities and is expected to go online in early 2025. It is reported that Deus X Capital has reached US$1 billion in assets since its establishment in October last year.