$1bn Deus X Capital announces new enterprise Cor Prime

● Cor Prime to be regulated digital assets commercial lending/prime broker unit
● Deus X Capital CEO Tim Grant to be Chief Executive of Cor Prime
● Deus X Capital funds first equity round and commits up to $100mm of risk capital

LONDON, ABU DHABI, BERMUDA and SINGAPORE 18 September, 2024 – Deus X Capital,
the $1 billion investment and operating company, today announced it has closed the first round
of equity funding as sole investor of its new company, Cor Prime, and has committed up to
$100 million of risk capital the business. The new Deus X Enterprises company will offer
principal and prime lending for institutional investors in the digital asset space, pending
regulatory approval.

Cor Prime sits at the heart of traditional and digital finance and is positioned as a prime of
primes, attracting high quality institutional risk capital from sovereign wealth funds, pension
funds, insurance companies, hedge funds, family offices as well as pools of crypto assets from
treasuries of foundations and miners. Cor Prime will ultimately lend to high quality
counterparties including hedge funds, miners, market makers, exchanges and prime brokers,
providing a trusted bridge between traditional markets and digital assets as these ecosystems
continue to converge.

The company has assembled a global team of seasoned professionals with deep experience
across traditional and digital capital markets and announces its intention to open for commercial
business in 2025 with an initial regulatory footprint in Bermuda and Abu Dhabi.

Cor Prime is developing a sophisticated and differentiated risk paradigm that integrates
qualitative business intelligence, advanced quantitative modelling, as well as AI capabilities from
Deus X Ventures company APEX:E3. This allows for a real-time understanding of market and
emerging risks, enabling pre-emptive actions to safeguard client capital. A forward-looking
approach ensures identification and mitigation of liquidity and market stresses before they
impact counterparties, reducing overall risk within the digital assets ecosystem.

Tim Grant, CEO of Deus X Capital, will lead Cor Prime in the role of Chief Executive Officer and
Cor Prime will operate under the Deus X Enterprises division to benefit from Grant’s dual role.
Grant, CEO of Cor Prime, said: “Digital asset markets are starved of the risk capital and we see
a major opportunity to oxygenate this market by unlocking new sources of capital. Institutional
investors need a safe, sensible investment opportunity backed by a next-generation risk
paradigm that they understand before they can enter new markets and help them grow, and that
is exactly what we will be launching with in 2025.

Notes to editors

Press contact
deusx@fullyvested.com

About Tim Grant
Tim Grant is jointly CEO of Cor Prime and Deus X Capital. He was previously Head of EMEA at
Galaxy and brings more than 25 years’ experience from across the digital assets industry and
traditional financial services where he was CEO of SIX Digital Exchange, CEO of DrumG
Technologies, CEO of R3 Labs, Managing Director at both UBS Investment Bank and Managing
Director at multi-strategy hedge fund UBS O’Connor.

About Cor Prime
Cor Prime intends on becoming a regulated prime of prime broker for the digital asset markets.
Cor Prime is based in London and operates globally, taking in institutional risk capital and
providing risk-managed lending solutions for investors in digital asset markets. Pending
approval, Cor Prime aims to be initially regulated out of Bermuda and Abu Dhabi.

About Deus X Capital
Deus X Capital is a specialist investment and operating company focused on private equity,
venture capital and enterprise build opportunities in the capital markets, fintech and digital
assets sectors. Deus X has more than $1bn in assets under management and its unique
expertise, extensive network, and diverse capabilities to foster lasting value within the financial
technology sector. For more information, visit www.deusx.capital

About APEX:E3
APEX:E3 is an advanced technology and artificial intelligence business that operates a multi-
asset Big Data Analytics Integrated AI platform designed for global portfolio managers, traders,
quants, and researchers working across the investment sector. APEX:E3’s AI agent, A.L.I.C.E.,
leverages big data analytics and generative AI models from Google Cloud, OpenAI, Meta,
Anthropic, and APEX:E3’s proprietary cognitive architecture to deliver swift and precise financial
research.

About Deus X Ventures
Deus X Ventures is the venture capital division of Deus X Capital and comprises companies in
which Deus X is a shareholder and co-operator of a business, alongside its existing
shareholders and management.

About Deus X Enterprises
Deus X Enterprises is the venture build division of Deus X Capital and comprises companies
that are conceptualised, fully owned and operated by Deus X.

We use cookies to enhance your browsing experience and analyse our traffic. By clicking "Accept", you consent to our use of cookies.

 

Customise
Customise your cookie consent
Strictly necessary

These cookies are set to provide the service, application or resource requested. Without these cookies, the client request cannot be properly delivered. These cookies can also be used to set up essential functionalities to guarantee the security and efficiency of the service requested, like authentication and load balancer request.

 

Functional

These cookies are set by us or by third party service providers. They provide additional functionalities or enhance features and website performance, however they are not directly related with the service requested. Services and functionalities implemented by these cookies support features like automatic filled text box, live web chat platform, non-necessary forms and optional security parameters like a single sign-on.

 

Performance/Analytics

These cookies are set to provide quantitative measures of website visitors. Information collected is used to measure website or software KPIs, such as performance - count visits and traffic sources to improve the performance of our site and application.

 

Targeting/marketing

These cookies are set by advertising partners to provide behavioural advertising and re-marketing analytical data. They collect any type of browsing information necessary to create profiles and to understand user habits. The profile created is used to customise the ads you see.