Deus X Capital to Wind Down After 3 Years as Investors Split and Pivot to AI
Summary
- Deus X Capital said it will wind down three years after its founding and complete its formal liquidation process on January 31 next year.
- The Morton family said it will split its investment businesses and launch Darius, an artificial intelligence (AI)-focused investment firm, and '95,' an investment firm focused on financial markets and fintech.
- Deus X Capital said it launched with about $1 billion in existing investment assets and available capital and has posted an average annual 36.5% return since its founding.
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Deus X Capital, a digital-asset and fintech investment firm, is winding down three years after it was founded.
CoinDesk reported on October 8 that Deus X Capital ceased operations after its key investors decided to pursue separate investment strategies. The firm plans to complete its formal liquidation process on January 31 next year.
The Morton family, a major investor in Deus X Capital, is splitting its investment businesses. Shane Morton is launching Darius, an artificial intelligence-focused investment firm, while Owen Morton and Jason Morton plan to launch 95, an investment firm focused on financial markets and fintech.
Tim Grant, chief executive officer of Deus X Capital, will become CEO of TensorX, an AI company under Darius. He said he wants to establish the company as a major player in Europe’s AI market.
Deus X Capital was launched in October 2023 with about $1 billion in existing investment assets and available capital. Since its founding, the firm has posted an average annual return of 36.5%, the company said.
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