Hivemind Capital Partners

Matt Zhang, the founder and managing partner, leads all investment and strategic decisions. Zhang previously spent over a decade at Citigroup, most recently as head of structured products trading and global markets technology strategy. The firm's senior investment team includes quantitative researchers and crypto-native venture operators, but Zhang remains the central decision-maker and public face of the firm.

Hivemind combines Zhang's traditional-finance network with a dedicated crypto-native research and engineering team to source deals. The firm's market-making and liquidity-provision operations give it early visibility into emerging protocols and teams. It also seeds and backs early-stage crypto fund managers, which creates a secondary sourcing channel for co-investment and venture-stage opportunities.

Hivemind operates as a hybrid crypto asset manager. Its structure includes a venture capital arm for early-stage equity in blockchain companies, a systematic trading and market-making desk for liquid token strategies, and a fund-of-funds allocation sleeve. This multi-engine model is uncommon and aims to capture alpha across the illiquidity spectrum within a single firm, rather than through separate affiliates.

The firm targets seed through growth-stage equity in blockchain and Web3 startups, alongside liquid token positions in established layer-1 and DeFi protocols. On the liquid side, Hivemind deploys systematic, quant-driven strategies that include directional, relative-value, and market-neutral approaches. It also enters pre-launch token warrants and SAFT agreements in venture-stage deals.

Hivemind allocates through multiple channels: direct venture equity and token deals, liquid market-making and trading, and a fund-of-funds sleeve that backs emerging crypto fund managers globally. The fund-of-funds strategy includes seed-stage and early commitments, giving the firm embedded economics and co-investment rights alongside the managers it incubates.

Market-making is a core operational and profit-center function, not a peripheral service. Hivemind provides liquidity across centralized and decentralized venues, earning spreads while generating proprietary market intelligence. This flow-trading engine informs the firm's liquid quant strategies and offers early signals about token adoption and volume shifts that feed the venture side's due diligence.

Matt Zhang's Citigroup background as a structured-products and technology strategist gives Hivemind a compliance-forward, institutionally legible posture rare among early-wave crypto funds. The firm emphasizes systematic risk management, audited infrastructure, and traditional diligence frameworks rather than community-driven or token-first investing. This positioning targets endowments, pensions, and sovereign funds seeking regulated exposure to digital assets.