Alexander Royle, a long-time expert in financial market regulations, announced today (Wednesday) that he is joining Cor Prime, a new crypto project he co-founded. The firm is part of the $1 billion investment company Deus X Capital and aims to provide prime brokerage services for the digital asset industry.

Royle to Provide Regulatory Support for Cor Prime

For the past three years, Royle has been associated with the cryptocurrency firm Galaxy Digital, where he served as a Regulatory Advisor. Previously, he worked for Montis Digital and Archax, where he also shared his expertise in financial market law.

Earlier in his career, Royle spent over five years with two prominent European regulatory commissions, the UK's Financial Conduct Authority (FCA) and the European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term). His experience gained from working both on the regulatory side and in the private sector will undoubtedly be valuable in the newly established firm providing services in the rapidly developing digital asset market.

“I'm happy to share that I'm starting a new position as Co-founder and Chief Regulatory Officer at Cor Prime,” Royle commented on his social media.

The list of former regulators joining crypto companies is getting longer. At the same time, the US SEC is struggling to compete with the private sector and find experts for cryptocurrency positions within its organization.

Cor Prime by Deus X Capital

Cor Prime is a newly launched digital assets prime broker unit, backed by the $1 billion investment company Deus X Capital. Tim Grant, the current head of Deus X, has been appointed as CEO of the new project.

The firm's launch was officially announced after Deus X successfully closed its first equity funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. Moreover, the company has committed up to $100 million of risk capital to the business.

“Digital asset markets are starved of the risk capital and we see a major opportunity to oxygenate this market by unlocking new sources of capital,” commented Grant. “Institutional investors need a safe, sensible investment opportunity backed by a next-generation risk paradigm that they understand before they can enter new markets and help them grow, and that is exactly what we will be launching with in 2025,” commented Grant.

Cor Prime will offer principal and prime lending for institutional investors in the digital asset space, pending regulatory approval. The company aims to attract high-quality institutional risk capital from various sources, including sovereign wealth funds, pension funds, insurance companies, hedge funds, family offices, and crypto asset pools from foundations and miners.