“We’re building the Berkshire Hathaway for online, on-chain finance economy.” – 05:10
Matt Zhang, Founding and Managing Partner of Hivemind Capital Partners, joins Remy Blaire at the New York Stock Exchange to discuss HiveMind’s recent investment in a new company, set to be rebranded as AVAX1, which aims to raise $550 million to acquire AVAX tokens from the Avalanche blockchain. Previously known as AgriForce, the company is poised to make significant strides in the digital asset space.
Remy and Matt discuss the collaborative effort behind this venture, which includes notable figures like Anthony Scaramucci and over 50 institutional and crypto-native investors. Matt highlights the unique capabilities of the Avalanche network and its potential to meet the needs of institutional investors, especially in light of recent regulatory changes from the SEC that signal a new era of crypto adoption.
The conversation delves into the extensive screening process that Hivemind undertook to identify this opportunity, reflecting their commitment to finding institutional-grade investments. Matt shares his background in traditional finance, particularly his 16 years at Citigroup, and explains how this experience informs Hivemind’s strategy as they navigate the convergence of crypto and traditional finance.