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.

This article first appeared on Fintech News Switzerland.

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