Deus X announces US$100m commitment to Cor Prime
18 September 2024 UK
Image: Nuthawut/stock.adobe.com
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.”
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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