Crypto and fintech investment enterprise Deus X Capital has shut down because its financial backers are heading in different investment directions, the company shared with CoinDesk.
Managed by former Galaxy Digital executive Tim Grant, the company will officially wind down operations on January 31, 2027. Chief Investment Officer Stuart Connolly will stay on to manage the transition period, and certain portfolio companies will keep running with backing from existing stakeholders.
The Morton family, who financially supported Deus X, are dividing their investment efforts. Shane Morton is launching Darius Cubed Ventures, which will concentrate on artificial intelligence, whereas Owen and Jason Morton are creating Ninetyfive to target financial technology and traditional markets.
Grant, who previously directed Galaxy Digital’s operations in Europe, the Middle East, and Africa before joining Deus X, will take over as CEO of TensorX, an AI startup housed under Darius and controlled by Deus X co-founder and backer Shane Morton.
Grant stated in an interview with CoinDesk that they aim to become a leading artificial intelligence contender within Europe.
Cryptocurrency is encountering intensifying rivalry from artificial intelligence for funding and investor focus. Galaxy Research noted in September that enthusiasm for AI has redirected capital away from digital assets, compounding fundraising difficulties for venture capital companies.
Deus X reported an annual return rate of 36.5% since its founding, though it chose not to reveal its overall asset size.
Backed by family offices, the firm launched in October 2023 holding $1 billion in current holdings and deployable funds, focusing on a mix of private equity, venture investments, and hedge fund strategies centered on digital assets, blockchain networks, financial technology, and institutional capital markets.
Its foundational holdings featured equity in Galaxy Digital and asset manager Hilbert Group, as well as investments in multiple hedge funds. The organization maintained offices in London, Malta, and the United Arab Emirates.
During September 2024, the firm introduced Solstice Labs to build institutional-grade decentralized finance applications aimed at a wider audience of users. CoinDesk previously covered that its portfolio also encompassed proprietary trading shop Alpha Lab 40 and digital asset prime brokerage Cor Prime, which debuted backed by a $100 million risk-capital pledge from Deus X.
Originally published at https://www.coindesk.com/business/2026/10/06/crypto-investment-firm-deus-x-capital-shuts-down-as-backers-pursue-separate-strategies.
