Hivemind Capital Partners, a prominent web3 and digital asset investment firm, has announced plans to expand operations to Hong Kong.
The company has also appointed Stanley Huo, a seasoned investment banker, as its head of Asia, according to a Tuesday press release.
With over 15 years of experience in investment banking at esteemed institutions such as China Renaissance, UBS, Citi, and BAML across Asia and Europe, Huo brings valuable expertise to his new role.
“I’m thrilled to be joining Hivemind at such a transformative period,” Huo said in a comment.
“The intersection of traditional finance and burgeoning digital asset technologies in Hong Kong presents unmatched opportunities, and I’m looking forward to leading our initiatives in this vibrant ecosystem.”
Hivemind also praised Hong Kong as a major crypto hub, highlighting the advantages of operating in the city state.
The company said the city provides an ecosystem that facilitates access to traditional financial infrastructure, capital raising, and exploration of blockchain-related innovations.
“Our expansion into Hong Kong not only represents our firm’s growth, but our commitment to being at the center of financial innovation and technology,” Matt Zhang, founder and managing partner of Hivemind, said.
“With Stanley leading our business in Asia, we are positioned to significantly contribute to, and influence, the evolving narrative of blockchain technology and digital assets in the region.”
Hivemind recently launched a $1.5 billion investment vehicle and still has available funds to deploy.
Additionally, the company introduced the Liquid Opportunity Fund, a $300 million crypto fund, earlier this year.
Hivemind’s founder, Matt Zhang, confirmed securing $60 million for the
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