Former Galaxy Digital executive Tim Grant, who led Deus X as chief executive, is moving to AI infrastructure company TensorX. The restructuring separates the investment activities of the Morton family rather than announcing an outright withdrawal from digital assets or financial technology.
Why Are Deus X Capital’s Investors Separating Their Businesses?
The firm’s backers are dividing their operations into two investment vehicles. Shane Morton is establishing Darius, focused on artificial intelligence, while Owen and Jason Morton are creating 95, which will concentrate on financial markets and fintech.
Grant will lead TensorX, an AI infrastructure business backed by Darius. He previously served as Galaxy Digital’s head of Europe, the Middle East and Africa before joining Deus X in 2023.
The separation follows three years of investments spanning digital assets, venture capital, hedge funds, trading infrastructure and financial technology. Deus X initially consolidated existing family-office investments alongside capital available for new opportunities.
However, its original $1 billion figure represented a combination of existing investments and deployable capital, not necessarily cash available for investment. The company has not disclosed its current assets, the capital allocated to each successor vehicle or the terms governing transfers of its portfolio holdings.
What Happens to Deus X’s Crypto and Fintech Portfolio?
Deus X developed an interconnected group of financial technology businesses, raising questions about how their ownership, financing arrangements and operational relationships will change after the parent investment firm disappears.
Its portfolio included institutional liquidity provider Alpha Lab 40, digital asset lending business Cor Prime and Deus X Markets, which introduced a brokerage-as-a-service offering in January 2025 under former IG and Capital.com executive Tim Plummer.
Another portfolio company, Deus X Pay, expanded its institutional payment infrastructure through USD and EUR virtual IBAN services and subsequently announced Canadian money services business registration.
Deus X also incubated Solstice Labs in September 2024. Its Solana-based protocol subsequently launched the USX stablecoin and YieldVault in September 2025, reporting $160 million in total value locked at launch.
Cor Prime received an initial equity investment from Deus X alongside a commitment of up to $100 million in risk capital. That figure represents a financing commitment, not evidence that the entire amount was disbursed or remains outstanding.
The firm has not identified precisely which portfolio businesses will transfer to Darius or 95, which will retain their existing ownership structures, or whether any financing commitments will change.
Investor Takeaway
The parent firm’s closure does not automatically terminate its portfolio companies. For counterparties and users, continued access to financing, liquidity and operating services matters more than the dissolution itself.
Does the Reported 36.5% Return Suggest Financial Strength?
Deus X reported annualized returns of 36.5% since inception but did not disclose the capital base, calculation methodology or independently audited performance supporting that figure.
The reported performance therefore cannot establish the firm’s aggregate profitability, realized investor distributions or current portfolio valuation. Nor does the closure itself establish insolvency or investment losses.
Because the business was backed by family investors rather than operating solely as a conventional externally funded venture capital manager, its restructuring may reflect differences in investment priorities even if the underlying investments performed well.
For investors assessing comparable firms, the distinction between annualized performance, available liquidity and realized returns is particularly important when portfolios contain private companies, venture investments and illiquid digital asset exposures.
Investor Takeaway
The claimed 36.5% return should not be interpreted as audited fund performance or evidence of cash available for distribution. Portfolio valuations, realized proceeds and the unwind’s financial terms remain undisclosed.
Is AI Becoming a More Attractive Destination for Crypto Investment Capital?
The transition to TensorX provides a tangible example of capital moving into AI infrastructure. Grant’s appointment follows an existing relationship with the company: he became its executive chairman in May 2026, before its June announcement of an €8 million investment led by Darius Cubed Ventures.
In a separate October 8 announcement, TensorX said it had reached $5 million in revenue, attracted more than 5,000 paying customers and raised $10 million in seed funding. The company did not specify the revenue measurement period.
TensorX operates dedicated NVIDIA GPU infrastructure in Ireland and Finland, targeting businesses requiring private AI inference and European data residency. Its next investment challenge is expanding computing capacity without allowing hardware expenditure to outpace sustainable customer demand.
The move also coincides with tighter fundraising conditions for cryptocurrency venture managers. Galaxy Research reported that crypto startups attracted approximately $5.7 billion across 384 investments in the second quarter of 2026, while only five new crypto venture funds raised approximately $3.9 billion.
Galaxy identified growing investor interest in AI, alongside competition from exchange-traded products and digital asset treasury companies, as factors affecting traditional crypto venture fundraising.
Nevertheless, the formation of 95 suggests the Morton family is not abandoning financial technology. The more consequential development is the separation of AI infrastructure investments from trading and digital asset businesses previously managed under one investment platform.
Investor Takeaway
TensorX already has reported customers, revenue and funding, making the AI strategy more than a proposed investment pivot. Its profitability, infrastructure costs and ability to scale recurring revenue will determine whether that investment direction generates durable returns.