<p>Hivemind Capital Partners, a prominent player in the world of Web3 and digital asset investment, has officially unveiled its plans for expanding its operations to Hong Kong.</p><h2 id="header-0">New Head of Asia appointment</h2><p>In a <a href="https://www.prnewswire.com/news-releases/hivemind-expands-presence-to-hong-kong-with-new-head-of-asia-appointment-to-drive-growth-amidst-thriving-crypto-landscape-301971774.html" rel="noopener noreferrer nofollow">press release</a> published by the New York-headquartered firm on Tuesday, Hivemind outlined that alongside this significant Asian expansion, the company has appointed Stanley Huo as Head of Asia. Huo is a seasoned investment banker with over 15 years of experience at prestigious institutions like China Renaissance, UBS, Citi and BAML across Asia and Europe.</p><p>Huo expressed his excitement, stating: “I’m thrilled to be joining Hivemind at such a transformative period. 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.”</p><h2 id="header-1">Identifying an opportunity</h2><p>Hivemind Capital Partners had nothing but praise for Hong Kong as a significant crypto hub. The company highlighted the distinct advantages that come with operating in the city-state, including a well-established ecosystem that facilitates access to traditional financial infrastructure, capital-raising opportunities and the exploration of blockchain-related innovations.</p><p>Huo <a href="https://www.theblock.co/post/260303/web3-investment-firm-hivemind-expands-to-hong-kong-with-new-exec-hire" rel="noopener noreferrer nofollow">told</a> The Block: “It was very interesting to see that the Hong Kong government welcomes all the Web3 capital and talents… They want to build up a Web3 center.”</p><p>Matt Zhang, Founder and Managing Partner of Hivemind, is equally enthusiastic about the Hong Kong expansion, stating:</p><p>“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. 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.”</p><p>Zhang is a <a href="https://x.com/HivemindCap/status/1717547868033065314?s&#61;20" rel="noopener noreferrer nofollow">speaker</a> at Hong Kong Fintech Week later this week, where he will participate in a panel discussion titled “The Future of Stablecoins: Exploring Virtual Asset Payment Infrastructure and the Rise of Non-USD Stablecoin Frameworks.” He <a href="https://www.prnewswire.com/news-releases/former-citi-top-trading-executive-launches-hivemind-a-1-5b-venture-to-institutionalize-crypto-investing-301432682.html" rel="noopener noreferrer nofollow">founded</a> Hivemind in November 2021, with a view towards deploying capital within verticals such as crypto infrastructure, virtual worlds, programmable money and blockchain protocols.</p><p>Hivemind has been on a significant growth trajectory, as evidenced by its recent launch of a $1.5 billion investment vehicle, with available funds still waiting to be deployed. Additionally, the company introduced the Liquid Opportunity Fund, a $300 million crypto fund, earlier in the year, securing $60 million for the fund in June.</p><h2 id="header-2">Following a regional trend</h2><p>The company’s move to Hong Kong aligns with the broader trend of cryptocurrency firms recognizing the region’s potential and considering it for their expansion plans. Notably, Zodia Custody, a digital asset custodian backed by Standard Chartered, recently <a href="https://medium.com/&#64;coinness.gl/zodia-custody-expands-to-hong-kong-to-meet-asian-institutional-demand-9c5ae7b77040" rel="noopener noreferrer nofollow">announced</a> its launch in Hong Kong.</p><p>While Hong Kong has actively positioned itself as a hub for Web3 companies, boasting recent developments like the introduction of retail trading for licensed crypto exchanges in August, it has also faced challenges. The city recently witnessed the largest Ponzi scheme in its history, involving the <a href="https://medium.com/&#64;coinness.gl/public-confidence-in-crypto-wanes-in-hong-kong-amid-jpex-scandal-bf930afb7c6a" rel="noopener noreferrer nofollow">embezzlement</a> of approximately $166 million from JPEX crypto exchange users. The investigation into this incident is still ongoing.</p>

Hivemind Capital Partners expands into Hong Kong market

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