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Startups & Venture·August 25, 2026·1 min read

Hivemind raises $17M from M&G as asset managers test tokenisation

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M&G putting $17M into Hivemind for tokenisation is a signal that large asset managers want direct exposure to the plumbing, not just ETFs and pilots. If you’re in capital markets, assume tokenised structures will start showing up in mainstream products and back-office workflows, not just experiments.

Startups & Venture

Mexico-based Primero, which aims to modernize legacy software used by Latin American companies with AI, raised a $12M seed co-led by Kaszek and General Catalyst

A $12M seed for Primero to wrap AI around Latin American legacy systems is a bet that “augment, don’t rip-and-replace” will win in emerging markets. If you sell into blue-chip enterprises with old stacks, packaging AI as a modernization layer—rather than a full rewrite—may be the faster path to budget.