Deus X Capital, a $1 billion investment firm headed by Tim Grant, has officially unveiled Solstice Labs, a new decentralized finance (DeFi) initiative, as announced in a press release on Friday.
Solstice Labs aims to create institutional-grade DeFi products and protocols accessible to all investors. The first project in this venture is a protocol designed to provide enhanced yield opportunities, set to launch in early 2025.
Ben Nadareski, co-founder and CEO of Solstice Labs, emphasized the project’s goal of delivering stable and consistent yields to investors. “We are democratizing access to these yield-generating opportunities on the Solstice protocol,” he stated in an interview with CoinDesk.
The protocol will be built on the Solana blockchain and is anticipated to debut with over $100 million in total value locked (TVL), backed by substantial investment from Deus X Capital.
Nadareski, who currently serves as an investment director at Deus X Capital, will lead Solstice Labs alongside Tim Grant, who will serve as co-founder and chairman. Stuart Connolly, the chief investment officer at Deus X Capital and CEO of Alpha Lab 40, will also join as chief investment officer and co-founder of Solstice Labs.
“Many DeFi products leverage exceptional technology stacks like those used by Solana, yet they have largely been overlooked for institutional applications,” Nadareski noted in the release. “This creates a significant opportunity to integrate institutional-grade yield opportunities and infrastructure into the DeFi space, allowing for broader investment participation.”
Solstice Labs plans to collaborate closely with Cor Prime, a prime brokerage, and Alpha Lab 40, a proprietary trading firm, both of which are portfolio companies under Deus X Capital. Cor Prime recently launched with a $100 million commitment from Deus X Capital, aiming to address the supply and demand imbalance for leverage in the cryptocurrency market.
Deus X Capital was established in October of last year, managing $1 billion in assets, including existing investments and future capital allocations.
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