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About Hivemind Digital Group
Hivemind Capital is a digital asset investment firm that bridges traditional finance and blockchain-based markets. Its core business spans multiple areas: managing digital asset treasuries for institutions, running hedge fund strategies focused on liquid tokens, making venture capital investments in early-stage blockchain projects, engaging in private equity deals, and curating digital art collections. The firm also operates a publicly traded vehicle called AVAX One on NASDAQ, which provides institutional investors with regulated exposure to the Avalanche ecosystem.
The company's main value proposition lies in its institutional-grade approach to a still-maturing asset class. It addresses a critical market gap: traditional financial institutions want exposure to digital assets but face hurdles around custody, compliance, risk management, and operational complexity. Hivemind builds purpose-built infrastructure and investment vehicles that meet these institutional standards, effectively acting as a gateway for mainstream capital to enter the onchain economy.
In the six months from February to August 2026, Hivemind has been actively expanding its footprint. The firm launched AVAX One, its NASDAQ-listed treasury vehicle, marking a significant step in offering regulated digital asset exposure to public market investors. It also continued to develop its multi-strategy platform, strengthening its position across venture, hedge fund, and treasury management verticals. While the broader crypto market faced regulatory scrutiny in various jurisdictions during this period, Hivemind maintained its focus on compliance-first solutions and institutional partnerships, positioning itself as a durable player in the evolving digital asset landscape.
Hivemind Digital Group was founded in 2021 by Matt Zhang, a former senior trading executive at Citigroup, as a digital asset investment firm.
In December 2021, the company launched its flagship fund with $1.5 billion in scale, focusing on venture equity, early-stage equity, and liquid token investments.
In June 2023, the company completed a $17 million strategic funding round led by M&G Investments, with participation from CPIC Investment Management and others, marking further recognition of the digital asset space by traditional financial institutions.
In the same year, Hivemind announced a strategic partnership with CPIC Investment Management (HK) to jointly establish a $500 million real-world asset (RWA) tokenization fund, advancing the on-chain movement of traditional assets.
These milestones together outline Hivemind's trajectory from startup to a multi-strategy investment platform, reflecting its continued positioning in the institutionalization of digital assets.
In the past six months, Hivemind Digital Group has made significant progress. In June 2026, its subsidiary Hivemind Capital partnered with UC Berkeley to launch darkmatter lab, a cornerstone initiative of its upcoming venture fund, providing at least $1 million in resources to early-stage research in frontier fields such as AI and blockchain, including funding, compute, and legal support. In August 2026, Hivemind Digital Group completed a $17 million strategic funding round led by M&G Investments, with participation from CPIC Investment Management, ZA Bank, FalconX, and others, to accelerate tokenization infrastructure build-out and expand frontier tech investing capabilities. Alex Seddon from M&G joined the board. The company stated that its future focus will be on scaling tokenization infrastructure, expanding global institutional partnerships, and advancing frontier technology commercialization through initiatives like darkmatter lab to build next-generation asset management infrastructure.
Matt Zhang (Founder & Managing Partner)
Matt Zhang is the founder and managing partner of Hivemind Digital Group. He previously served as Global Head of Structured Products at Citi and founded the Citi Impact Fund. He holds an M.S. from the University of Cambridge and a B.S. in Economics from the London School of Economics. His LinkedIn: https://www.linkedin.com/in/mattzhang/; Twitter: https://x.com/zhang_matt.