According to CoinMeta, Wu said that the digital asset investment management company Hivemind Digital Group has announced the completion of a $17 million strategic financing round, led by the British asset management firm M& G Investments. Other investors include CPIC Investment Management (.H.K.), ZA Bank, FalconX, and Sonic Boom Ventures. Alex Seddon, who is in charge of influential investments and private equity at M& G Investments, will join the board of directors of Hivemind. Hivemind stated that this financing round will be used to build institutional-level investment infrastructure for blockchain and cutting-edge technology assets, providing investors with digital asset-related investment tools and governance frameworks.