Hivemind Snags $17M from M&G Investments and More

Hivemind Digital Group, parent company of Hivemind Capital, has secured $17 million in strategic funding from prominent investors. The round was led by M&G Investments, a firm with £371 billion in assets under management. This investment marks the beginning of a relationship between Hivemind and M&G, who see tokenization as increasingly central to financial markets.

The investor list is notable for its mix of traditional and digital asset players, including Hong Kong's ZA Bank, crypto prime brokerage FalconX, and Sonic Boom Ventures. The round also includes board members and former senior executives at top firms such as Man Group and Coinbase.

Hivemind plans to use the funds to accelerate its work on tokenization infrastructure and push into frontier technology investing. As part of the investment, Alex Seddon, head of impact and private equity at M&G Investments, joins Hivemind's board of directors.