Hivemind Digital Group, a digital asset focussed investment firm, has raised $17 million in a funding round led by M&G Investments.
It is the latest example of institutional investors increasing their focus on tokenisation and blockchain-based financial infrastructure.
In a media statement, Matt Zhang, Hivemind founder and chief executive, said the investment marked the start of the firm’s next phase of growth.
He said: “This funding round and our partnership with M&G represent the start of our next chapter: taking blockchain technology beyond digital assets and supporting the development of new applications across asset management and financial infrastructure.”
The New York and London-based asset management platform said the funding will be used to expand its tokenisation infrastructure, invest in new opportunities across asset classes and grow institutional partnerships globally.
The round also attracted backing from CPIC Investment Management (HK), ZA Bank, FalconX and Sonic Boom Ventures, alongside a group of board members and former senior executives from firms including Man Group, Apollo Global Management, Coinbase, Citi, First Citizens Bank and GoldenTree Asset Management.
As part of the deal, M&G’s head of impact and private equity, Alex Seddon, has joined Hivemind’s board of directors.
Seddon said M&G’s investment reflected its interest in how tokenisation could support practical, long-term applications across financial markets.
Founded in 2021, Hivemind invests at the intersection of traditional finance and digital assets, and has grown into one of the larger firms focused on institutional blockchain and digital asset strategies.
The fundraising comes amid growing industry expectations that tokenisation will transform capital markets. McKinsey said tokenised financial assets are moving from pilot projects to scaled deployment, with some applications already processing trillions of dollars of assets on-chain each month.
Market forecasts remain bullish. Research from Boston Consulting Group and ADDX has projected tokenised assets could reach about $16 trillion by 2030, equivalent to around 10% of global GDP.
Hivemind said it believes the tokenised asset market could grow to $18.9 trillion by 2033, underpinning demand for the infrastructure it is building.
