Founded by former Citi’s head of structured products Matt Zhang, crypto-focused investment firm Hivemind Capital Partners has launched its debut US$1.5 billion multi-strategy investment venture for the blockchain and digital asset ecosystem.

The New York-headquartered firm will invest in crypto companies, trade digital assets, and offer a dedicated “play-to-earn strategy” in the gaming space, according to a statement.

Funds will be employed across crypto infrastructure, blockchain protocols, open internet, programmable money, virtual world, and more.

The firm has selected layer-1 blockchain infrastructure provider Algorand as its strategic partner for tech and network ecosystem infrastructure capabilities.

Further, Hivemind Capital Partners is also holding talks with other layer-1 networks to form partnerships that will back the firm’s multi-chain approach, Zhang said.

“We believe blockchain technology is a paradigm shift, and we are still in the early innings. Our mission is to provide start-to-finish capital and infrastructure solutions to visionary entrepreneurs and category-defining crypto projects.

 

The traditional asset management model is not designed to do this, which is why we are building a tailor made crypto investment platform from the ground up that also offers the infrastructure institutional investors need for risk management, compliance and security,”

Zhang added.

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