Former Citi top trading executive launches a $1.5 billion fund to invest in the crypto industry

Founded by the former Citi head of Structured Products Trading, Matt Zhang, Hivemind Capital Partners запустила a $1.5 billion fund. Among the areas are infrastructure solutions, blockchain protocols, the open internet, programmable money and the metaverses.

In addition to investments in crypto companies, the New York-based firm will trade digital assets and work with the concept Play-to-Earn.

“Our mission is to provide capital to those who define the vector of the industry’s development. We offer an institutional crypto-investment platform with the infrastructure institutions need to manage risk, regulatory compliance and security,” said Zhang.

Algorand was chosen as a strategic partner to build the Hivemind ecosystem. The firm is discussing partnerships with teams behind other layer-one blockchains.

In November, Pantera Capital raised $600 million in a new crypto fund.

Earlier, Paradigm and Andreessen Horowitz formed funds at $2.5 billion and $2.2 billion respectively.

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