Hivemind Capital Partners, a NYC-based crypto-focused investment firm founded by ex-Citi head of structured products trading Matt Zhang, launched its maiden $1.5B multi-strategy venture to invest in the fast-growing blockchain and digital asset ecosystem.
Hivemind will make venture investments in crypto companies, trade digital assets, and feature a dedicated “play-to-earn strategy” in the gaming space. The investment firm will deploy capital in verticals including crypto infrastructure, blockchain protocols, open internet, programmable money and virtual world among others.
As part of the launch, Hivemind has selected Algorand, a layer-1 blockchain, as a strategic partner to provide technology capability and network ecosystem infrastructure.
As a technology company powering next-generation blockchain-based applications, Algorand has experienced zero down time since launch and provides advanced tools, making it the blockchain technology of choice for thousands of organizations launching NFTs, payment solutions, regulated digital assets, new economic models, and DeFi offerings.
Zhang is a 14-year veteran of the leading global investment bank Citi, where he worked both in the U.S. and Europe. In addition to his trading business responsibility, he created the bank’s spread products investment technologies team, or SPRINT, to focus on investments in the fintech space. Mr Zhang is also a founding partner of Citi Impact Fund, which makes equity investments in “double bottom line” companies to help address some of society’s most pressing challenges.