Former Citi Top Trading Executive Launches Hivemind Capital

Former Citi Top Trading Executive Launches Hivemind Capital

The cryptocurrency space has seen an influx of Wall Street talents in recent years as the industry continues to grow. An increasing number of institutional investors are entering the crypto space in a bid to fund some of the leading and exciting innovations in the sector.

Matt Zhang, a former trading executive at Citi, announced the launch of his $1.5 billion cryptocurrency fund yesterday. The fund, named Hivemind Capital, is a multi-strategy venture designed to invest in the fast-growing cryptocurrency and blockchain ecosystem.

According to the press release, Hivemind will be headquartered in New York and will invest in crypto companies and trade digital assets. The fund will also enter the gaming space as nonfungible tokens (NFTs), and the metaverse will continue to grow in popularity and adoption.