Ex-Citi Trading Executive Launches Crypto Investment Firm

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Hivemind Capital Partners, an investment firm founded by former Citi structured products trading manager Matt Zhang, announced its first $ 1.5 billion multi-strategy firm to invest in the fast-growing ecosystem blockchain and digital assets.

Based in New York City, Hivemind will make venture capital investments in crypto companies, trade digital assets and deliver a dedicated ‘play-to-win strategy’, the first of its kind in the gaming space. investment will deploy capital across verticals, including crypto infrastructure, blockchain protocols, open internet, programmable money, and the virtual world, among others.

“We believe that blockchain technology is a paradigm shift, and we are still in the early stages. Our mission is to provide end-to-end capital and infrastructure solutions to visionary entrepreneurs and category-defining crypto projects, ”said Matt Zhang, Founder and Managing Partner of Hivemind. “The traditional asset management model is not designed for this, which is why we are building a bespoke crypto investment platform from the ground up that also offers the infrastructure institutional investors need to risk management, compliance and security. “

As part of the launch, Hivemind selected Algorand, the leading Layer 1 blockchain, as a strategic partner to deliver technology capabilities and network ecosystem infrastructure.

“We believe that Algorand is the main blockchain protocol that allows institutional and business users to connect to the decentralized economy. With the explosive growth of the digital asset space, people tend to forget how early the crypto economy is. We want to team up with partners who have the patience to build a sustainable business, ”Zhang said. “We are also in active talks to form partnerships with a number of other leading Layer 1 networks. The goal is to build a multi-chain world to allow our investors to see the best opportunities across the entire crypto ecosystem. “

As a technology company powering next-generation blockchain-based applications, Algorand has experienced no downtime since launch and provides advanced yet easy-to-use tools, making it the blockchain technology of choice for thousands of organizations launching NFTs, payment solutions, regulated. digital assets, new business models and DeFi offers.

Zhang is a 14-year veteran of the world’s leading investment bank Citi, where he worked in both the United States and Europe. In addition to his commercial responsibility, Matt created the bank’s Spread Products Investment Technology team, or SPRINT, to focus on investments in the fintech space. Mr. Zhang is also a founding partner of Citi Impact Fund, which invests in “double bottom line” companies to help tackle some of the company’s most pressing challenges.

Source: Spirit of the Hive

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