Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner

Former Citi executive Matt Zhang introduced Hivemind Capital Partners, a $1.5 billion multi-strategy fund. The fund will prioritize projects focused on building crypto infrastructure, virtual worlds and programmable money.

Hivemind’s first technology partner is Algorand, a top-20 blockchain project, with its native ALGO token valued at $11.2 billion in total market capitalization.