Deus X announces US$100m commitment to Cor Prime 18 September 2024 UK Reporter: Klea Neza
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Deus X Capital has announced the company has closed the first round of equity funding as sole investor of its new company, Cor Prime, and has committed up to US$100 million of risk capital to the business.
Tim Grant, CEO of Deus X Capital, will lead Cor Prime in the role of CEO.
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 is developing a 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 preemptive actions to safeguard client capital, notes the firm.
Grant comments: “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.”
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