Deus X Capital, a cryptocurrency investment company, has agreed to acquire the digital asset company, HAYVN, for an undisclosed amount.
Deus X Capital, a cryptocurrency investment company backed by a family firm, officially launched on October 2nd with Tim Grant as the CEO.
In a statement, Deus X Capital announced that it has reached an agreement with HAYVN to acquire the business’s brand, technology, customers, and employees, which the parties aim to complete by March 28, 2024.
HAYVN, a cryptocurrency trading company based in Abu Dhabi, is a platform for custody and over-the-counter (OTC) trading of digital assets.
This acquisition will allow Deus X Capital to expand its influence in the Middle East. In December, HAYVN CEO Christopher Flinos suddenly resigned for reasons that remain unclear.
Richard Crook has been appointed as the new CEO of HAYVN with a focus on business development. Prior to joining HAYVN, Crook held the position of COO at BCB Group, a digital asset payment firm, and also held senior management positions at UBS, a leading Swiss investment bank.
Tim Grant, CEO of Deus X Capital, said:
Why cryptocurrency operators are opening offices in Abu Dhabi
In 2023, several cryptocurrency companies expanded into the Middle East, focusing on Dubai and Abu Dhabi. These companies include major players in the crypto field such as Copper, Paxos, and eToro.
Hedge fund manager and billionaire Alan Howard considers Abu Dhabi to be the upcoming global financial center. Nishant Kumar from Bloomberg reported that this region has the best time zone for macro money managers.
