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Deus X Capital Acquires HAYVN: A Boost for Crypto Investment
Family office-backed crypto investment firm, Deus X Capital, has recently made a significant acquisition by agreeing to purchase institutional digital assets firm HAYVN. The deal includes the acquisition of the business’s brand, technology, clients, and staff, and is set to be finalized before March 28, 2024.
Expanding Presence in the Middle East
By acquiring HAYVN, Abu Dhabi-based crypto trading firm, Deus X Capital, is positioning itself to extend its reach in the Middle East. This strategic move is expected to strengthen the firm’s footprint in the region and capitalize on the growing opportunities in the digital assets market.
Richard Crook, the newly appointed CEO of HAYVN, brings a wealth of experience to the role, having previously held key positions at BCB Group and major financial institutions such as investment bank RBS and UBS. His focus on growing the business signals the firm’s commitment to expanding its operations and enhancing its service offerings.
Strategic Importance of HAYVN
In a press release, Tim Grant, CEO of Deus X Capital, emphasized the strategic significance of HAYVN in the firm’s expansion plans. He stated, “We are committed to providing institutional clients with the critical services they need to capitalize on the existing and growing opportunity in digital assets, while continuing to build and develop new capabilities. HAYVN is core to our strategy and represents another pillar of our commitment to the Middle East region.”
Abu Dhabi: The Next Global Financial Center
The move to establish a stronger presence in Abu Dhabi aligns with a broader trend of crypto firms targeting the Middle East for expansion. Notable companies, including Copper, Paxos, and eToro, have been drawn to the region, with hedge fund manager Alan Howard advocating Abu Dhabi as the next global financial center, citing advantageous time zones for trade and investment.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
