Hivemind

We are pleased to announce that Hivemind Capital Partners UK LLP received authorization from the UK Financial Conduct Authority (FCA) to operate as an Alternative Investment Fund Manager as of May 1, 2026. FCA authorization reflects the firm's high standards in respect of its compliance and internal controls, risk management systems, and reporting and transparency obligations. For Hivemind and its affiliates, now regulated in both the U.S. and the U.K., it is a testament to our institutional standard and focus, our commitment to our existing partners, and firmly positions us for the next phase of growth. More updates to follow!

Welcome to the Hivemind Digital Culture Fund, Grifter #611 Shady set complete Grifters gonna grift!

Some thoughts from @consensus2026 … Despite all the buzzy headlines, sentiment was pretty weak. Clarity Act progressed, Haun Ventures and a16z Crypto announced new mega funds, Bullish acquired Equiniti for $4.2B, and Kraken acquired Reap for $600M. Yet, sentiment on the ground was mixed/bearish. All people wanted to talk about is AI. Coinbase layoffs didn't help the mood and reinforced some people's fears on what opportunities are still left in crypto (I still think there are plenty fwiw!). Other takeaways: - Lots of suits for a crypto conference. Crowd was mostly tradfi institutions, fintechs, and crypto corporates; very few startup founders. General theme was 'tokenization of everything.' - Trad institutions seem to be looking at each other to figure out their own next steps; copying each other's next moves or following similar strategies across custody, tokenization, stablecoin acceptance, trading. - Most former crypto funds are now doing crypto & AI. - VCs don't have much to share in terms of theses or new deals. Not much deployment happening. Lots of VCs raising. Though, outside of the mega VC funds announced this week, a number of other VCs have recently closed their raises and haven't announced them yet. So we will hopefully see an uptick in new startup funding over the second half of the yr. - Some policy folks think Clarity could be passed as early as end of May. - Mastercard vs Visa: Mastercard is very focused on B2B payments expansion while Visa aims to dominate agentic commerce. - Tradfi brokerages aren't just competing against each other; they see Coinbase, Kraken, and Robinhood as their direct competition and are closely tracking their moves. - In terms of chains, Canton stole the show. Lots of chatter about partnering and building on Canton; little mention of any other chains. Patterns I noticed: - More sophisticated onchain RWA infrastructure is emerging to improve liquidity, risk management, mandate enforcement, and execution (@Corkprotocol @redstone_defi @rowa_finance @temple_ny) - Interest in compute derivatives, as well as solving for data center imposed constraints on energy, water, etc. - Similar dynamic is forming with cross-border access to tokenized assets like we've seen with cross-border payments. The leaders will be those that carve out dominance within a specific, sufficiently large geo or corridor. For tokenized equities specifically, the leaders are currently being determined as they compete for market share to bridge US equities to Singapore, HK, and UAE.

What do you do when digital assets appear on your balance sheet overnight? Finance and operations teams are increasingly encountering this reality and discovering that digital assets require a new type of operational framework. Our latest post shares a practical guide on setting up a digital asset stack from the ground up, giving teams clarity and confidence on where to begin. ⤵️ linkedin.com/pulse/digital-…

"When Everything Becomes Liquid" on the HSC Hong Kong stage🔥 From real estate to private credit, our panelists are digging into what it actually takes to move real-world assets onchain at scale — compliance, custody, secondary markets, and what institutional investors expect before they commit Moderator: Aleksandra Fetisova (@daosasha), Venture Partner, HSC Asset Group Speakers: Bugra Celik, Head of Digital Assets & Currencies, Global Macro, @HSBC Gillian Wu, Founder & GM, @Mulana_IM Stanley Huo (@stanleyhuo), Partner, Head of Asia @HivemindCap Cleo Cui, Associate Partner, @HashKey_Global RWA Florian M Spiegl (@fmspiegl), Founder & CEO, @EvidentCapital Tokenization is moving from pilot to production. Today's panel showed exactly what that transition demands

One of the most important structural shifts in digital asset markets is where price discovery actually happens. Read on to understand why derivatives (not spot markets) are driving crypto volatility. hivemind.capital/content/perpet…

We are actively investing in pre-seed through series B deals at @HivemindCap. My DMs are open if you’re a founder building something interesting

Stablecoins vs Deposit Tokens: A quiet war for global financial plumbing has been heating up. Stablecoins risk disintermediating banks (deposit outflows); banks counter with Deposit Tokens to capture on-chain flows. Stablecoins currently lead in adoption speed and open accessibility; Deposit Tokens bring stronger institutional trust and regulatory backing. Each has a distinct role: - Stablecoins provide cash-like flexibility and fast, global liquidity. Ideal for: retail payments, DeFi, remittances, public chain liquidity, unbanked access. - Deposit Tokens enable credit creation, embed trust and compliance, and preserve stability of trad banking. Ideal for: institutional/wholesale needs pertaining to regulated settlement, insured deposits, credit, treasury. Now, both are beginning to compete in on-chain settlement as more institutional capital flows on-chain and each aims to capture the massive tokenized RWA market opportunity. But here's the thing - Treasurers aren’t forced to choose. They will opt for a hybrid solution that best suits their needs: Stablecoins for fast, global liquidity + Deposit tokens for intra-bank and compliance-heavy flows. The future will be a hybrid coexistence. Stablecoins will dominate broader global liquidity, while Deposit Tokens will own institutional rails as RWAs scale. Stablecoins will bridge some of the gaps and interoperability will be key for frictionless conversion between the two.

Blueprint has the first and only Solana staking platform purpose-built for AI agents. This is not liquid staking. No derivative tokens. Native Solana staking where your agent’s wallet is the full authority. 🔗 Learn More: solentic.theblueprint.xyz

1/ Introducing Punks Terminal by Lightyear Deploy your Stash, place trait-filtered bids, purchase CryptoPunks, and manage on-chain liquidity - all from one interface Live now: punks.lightyear.build

The practical advantages of tokenized funds are operational rather than ideological. → Faster settlement → Fractional ownership → Compliance logic embedded at the token layer → Direct integration with on-chain collateral and lending systems → Cleaner audit trails, less back-office reconciliation More in our recent outlook on stablecoins and tokenization: hivemind.capital/content/stable…

There's a new trading experience coming soon for CryptoPunk collectors, built by Lightyear Reach out if you'd like to test it before public launch

Good luck to all finalists in the Digital Art Awards, taking place at Phillips Hong Kong this evening @stanleyhuo will be in attendance on behalf of Lightyear and @HivemindCap @hofagallery @phillipsauction

Feature Spotlight: Risk Management — Limits, Alerts, and Notifications Define your risk parameters once, then Blueprint monitors them continuously. ➡️ Set portfolio- or entity-level exposure limits ➡️ Track leverage, liquidity, concentration, and more ➡️ Receive real-time alerts for warnings and breaches ➡️ Push notifications to Slack, Teams, or email From market moves to internal controls, Blueprint keeps teams aligned and informed in real time. Make operations your edge. Reach out to sales@theblueprint.xyz for a demo and to learn more.

Price is cyclical. Settlement infrastructure is not. Stablecoins closed 2025 at $311B, up roughly 50% year on year, through a volatile Q4. Speculative layers of the market fluctuate. The monetary and collateral layers are becoming structural. Read our latest piece on what the build-out of onchain payment and collateral rails means for investors: hivemind.capital/content/stable…

Ethereum's Surge roadmap targets 100,000 transactions per second on rollups. Here's how the recent Fusaka upgrade advanced that goal: ➡️ PeerDAS, the core feature and named roadmap checkpoint, bridges basic and full rollup scaling ➡️ Nodes verify blob availability through sampling rather than full download ➡️ Blob throughput expands without proportionally raising the cost of running a full node Our latest piece breaks down what that means for rollup economics and the long-term investment case: hivemind.capital/content/ethere…

@HivemindCap 1️⃣ A New Treasury Approach AVAX One is a publicly traded Avalanche treasury company focused on productive capital allocation. Through this deployment via @HivemindCap, its AVAX holdings are now participating in Treehouse’s Avalanche-native yield infrastructure.

AVAX is partnering with @TreehouseFi, a digital assets infrastructure firm, to expand the Company’s yield-generating capabilities on its $AVAX holdings. Learn more: ir.avax-one.com/news/?qmodStor…

As asset manager to @avax_one, Hivemind helped deploy 800,000+ AVAX into @TreehouseFi's tAVAX yield strategy - a step toward scalable, institutional-grade onchain capital allocation. The infrastructure for the next phase of digital asset adoption is being built now.

"Ethereum's long-term investment case does not rest on a single catalyst or wrapper. It rests on whether a decentralized settlement network can continue to scale without surrendering neutrality, auditability, or broad participation." Fusaka just provided a real-world test of that proposition. Read more about how PeerDAS, blob pricing, and account abstraction are reshaping Ethereum's architecture as a neutral settlement layer → 🔗: hivemind.capital/content/ethere…