Hivemind Capital Expands to Hong Kong, Appoints New Asia Head

Published On: November 2, 2023565 words3 min readBy:

In a significant move within the web3 and digital asset investment space, Hivemind Capital Partners has broadened its global footprint by establishing a presence in Hong Kong. The firm has entrusted Stanley Huo, a seasoned investment banker, with the responsibility of spearheading its Asian operations.

Huo, who joined the Hivemind team in September, brings over 15 years of investment banking expertise to the table, having worked with some of the biggest names in the industry such as China Renaissance, UBS, Citi, and BAML across Asia and Europe. Huo expressed his excitement about the welcoming attitude of the Hong Kong government toward web3 capital and talent, indicating their intent to create a thriving web3 hub.

In 2021, Hivemind unveiled a hefty $1.5 billion investment vehicle. Huo confirmed that there is still some “dry powder” that the firm can deploy. Earlier in June, the firm announced the launch of a $300 million crypto fund named the Liquid Opportunity Fund. At that time, Hivemind’s founder Matt Zhang revealed that they had successfully secured $60 million.

Hivemind believes that Hong Kong provides an environment conducive to accessing traditional financial infrastructure, raising capital, and exploring blockchain-related innovations. Huo’s immediate plans for Hivemind’s Asian operations include recruiting new talent for the team and for two projects that are currently being incubated in the region. He also expressed his intent to attract engineering talent from China, citing it as a potential advantage for firms like Hivemind.

Hivemind is not alone in its interest in Hong Kong. Zodia Custody, a digital asset custodian backed by Standard Chartered, recently announced its plans to launch services in Hong Kong. This surge in interest from crypto firms can be attributed to Hong Kong’s proactive approach toward becoming a major crypto hub in Asia.

In June, Hong Kong initiated a crypto retail trading licensing scheme. Further, the Securities and Futures Commission of Hong Kong recently updated its regulatory framework to include two additional investor protection measures.

This expansion by Hivemind Capital Partners is a significant development in the web3 news industry. It also highlights the importance of crypto education platforms in helping investors understand the nuances of digital asset investment.

The move also underscores the role of crypto exchange services in the United States and beyond, as they facilitate the buying, selling, and trading of digital assets on a global scale. With the increasing adoption of cryptocurrencies, the need to download a digital wallet has become more critical than ever. It is through these digital wallets that users can manage their digital currencies and execute transactions on blockchain networks.

The expansion of Hivemind into Hong Kong also serves as a testament to the growing importance of blockchain technology. It emphasizes the need to understand how to make a crypto investment on a blockchain, thereby underscoring the value of crypto education platforms.

As Hivemind sets its sights on Asia, it’s clear that the firm is keen on leveraging the region’s potential to further its growth. With the ongoing advancements in crypto and blockchain technology, the firm’s expansion could mark a new chapter in its journey, as it continues to make strides in the web3 news industry.

In conclusion, Hivemind’s move into Hong Kong is an exciting development in the world of web3 and digital asset investment. As more firms follow suit, Hong Kong could soon become a hotbed for crypto innovation and growth, paving the way for a new era in digital finance.

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