Hivemind raises $17M from M&G as asset managers test tokenisation
Hivemind Digital Group has completed a $17mn strategic funding round led by M&G Investments, the asset management arm of the British savings and investment group that ran £371bn of assets at the end of March. The round gives M&G a seat on Hivemind’s board and a position in a firm whose business sits between conventional fund management and the tokenisation of real-world assets.
Alex Seddon, M&G Investments’ head of impact and private equity, has been appointed to the board as part of the deal. The investment is the first between the two firms, and neither has disclosed a valuation or the size of the stake acquired.
The round drew a mix of Asian financial institutions and crypto infrastructure companies. CPIC Investment Management (HK), ZA Bank, FalconX, and Sonic Boom Ventures all took part, alongside what Hivemind describes as board members and former senior executives from Man Group, Apollo Global...
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