Citi Veteran Launches $1.5B Crypto Fund With Algorand as Strategic Partner

Citi Veteran Launches .5B Crypto Fund With Algorand as Strategic Partner
Hivemind Capital Partners, founded by former Citi exec Matt Zhang, announced its inaugural $1.5 billion venture fund to invest in blockchain and digital asset ecosystems. As part of the fund launch, Hivemind has selected layer 1 blockchain Algorand as a strategic partner to provide technology and network ecosystem infrastructure.New York-based Hivemind plans to use the venture fund to invest in crypto companies and trade digital assets. It will include a dedicated play-to-earn gaming-focused arm headed by former Goldman Sachs analyst Sam Peurifoy, also known by his gaming handle “Das Kapitalist.” Other investment areas of interest include crypto infrastructure, blockchain protocols,…