Crypto investment firm Deus X Capital shuts down as backers pursue separate strategies
In this news:
Key takeaways
- Crypto and fintech investment firm Deus X Capital is shutting down.
- The formal wind-down is scheduled to be completed by January 31, 2027.
- Backers are splitting up to pursue new strategies in artificial intelligence and markets.
Crypto and fintech investment firm Deus X Capital has ceased operations as its backers pursue separate investment strategies, the company told CoinDesk.
The company, led by former Galaxy Digital (GLXY) executive Tim Grant, will formally unwind on Jan. 31, 2027. Chief Investment Officer Stuart Connolly will remain to oversee the transition, while some portfolio businesses will continue operating with the involvement of existing stakeholders.
Leadership and restructuring plans
The Morton family investors behind Deus X are splitting their investment activities. Shane Morton is establishing Darius, focused on artificial intelligence, while Owen and Jason Morton are setting up 95, focused on markets and fintech.
Grant, who led Galaxy Digital’s Europe, Middle East and Africa business before joining Deus X, will become CEO of TensorX, an AI venture within Darius owned by Shane Morton, one of Deus X’s founders and backers.
“We want to be a prominent player in AI in Europe,” Grant told CoinDesk in an interview.
Broader industry trends
Crypto is facing growing competition from AI for investor attention and capital. Galaxy Research said in September that interest in artificial intelligence was diverting attention from digital assets, adding to venture firms’ fundraising challenges.
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