Solstice Labs will be launched in 2025 with over US$100 million in Total Value Locked (TVL), provided by Deus X Capital.
Investment and operating company, Deus X Capital, announced the launch of Solstice Labs at Solana Breakpoint 2024.
Solstice Labs will be a Lisbon-based crypto business focused on facilitating access to decentralised finance (DeFi) for institutional and retail investors, developing institutional-grade DeFi investment products and protocols that will be available to all investors.
Its first project will be a protocol offering enhanced yield opportunities, and is scheduled to be live in market in early 2025. The protocol will be built upon the Solana blockchain and is expected to launch with over US$100 million of total value locked (TVL) on the back of significant investment from Deus X Capital.
Solstice Labs is already working directly with Solana partners across the ecosystem to accelerate growth of the protocol and produce compelling returns for institutional and retail investors alike, with plans to build and operate across diverse blockchain platforms in the future. The company is wholly funded by Deus X Capital, and will operate under Deus X Capital’s Enterprises division where it benefits from partnering with other portfolio companies.
Ben Nadareski, Investment Director at Deus X Capital, has been named Co-Founder and CEO of Solstice Labs, bringing valuable experience from a number of roles held across the crypto industry and traditional finance. Tim Grant, CEO of Deus X Capital, is a co-founder of Solstice Labs and has been appointed Chairman.
Grant said, “Solstice Labs represents a key pillar in the Deus X Capital strategy to invest in and build enterprises that act as a bridge between traditional capital markets and crypto and DeFi ecosystems. We strongly believe that the combination will result in a faster, better and cheaper financial system in which everyone can prosper.”
Nadareski said, “Many DeFi products and protocols have been built using exceptional technology stacks like we have seen with Solana but have largely been overlooked for institutional applications. This presents a huge opportunity to introduce institutional-grade yield-opportunities and infrastructure into DeFi which will allow for a far broader range of investment participation.”
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