Crypto investment firm Deus X Capital shuts down as backers pursue separate strategies
Crypto investment firm Deus X Capital is set to unwind by early 2027 as its backers pivot toward separate ventures in artificial intelligence and fintech. Former Galaxy Digital executive Tim Grant will lead TensorX, an AI-focused venture, as the firm's founders split their investment activities.
Why it matters
The closure highlights a broader trend of capital and talent shifting from the crypto sector toward artificial intelligence, reflecting changing investor priorities in the current market landscape.
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.
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.
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