Huobi launches $1 billion investment arm focused on Web 3 and DeFi
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Answer Huobi launches $1 billion investment arm focused on Web 3 and DeFi
Nearly a decade old cryptocurrency veteran Huobi has created a new investment arm called Ivy Blocks.
The arm will focus on supporting the growing DeFi ecosystem and web3-based blockchain protocols.
states press release The official stated that the new feature will focus on identifying and investing in promising blockchain projects to help unlock their growth potential, and promote innovation and development in the world of DeFi and Web 3.
The company also told Ivy Blocks that it will have over $1 billion worth of cryptocurrency under management.
He emphasized that this large sum would allow the investment arm to be well positioned to take advantage of the unique opportunities in the markets.
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According to the same statement, “Ivy Blocks” will evaluate projects through their ideas, and provide them with the necessary tools for success.
To do this, the company will launch three core services called:
- Liquidity investment management.
- Ivy Labs.
- Ivy Research.
The first will be an asset management platform to leverage DeFi and generate income, the second will be an incubator for crypto and blockchain companies, and the last will be a research arm focused on blockchain and cryptocurrencies.
Lili Zhang, director of Huobi’s finance office, commented:
Many promising projects tend to face liquidity constraints and a lack of market support, which present significant obstacles to growth.
There is no doubt that our focus on providing such projects with liquidity investments, incubation and acceleration services will contribute to creating a better and more inclusive ecosystem of DeFi, Web3 and blockchain.
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