Huobi Launches $1 Billion Investment Vehicle For Web 3.0
6/11/2022, 05:19 PM
Huobi, a cryptocurrency company that has been around for nearly a decade, has established a new investment arm called Ivy Blocks. This new feature will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols.
Ivy Blocks will have more than $1 billion worth of cryptocurrencies under management. This substantial amount will allow the investment arm to be “well-placed to take advantage of unique opportunities” in the markets.
Ivy Blocks will evaluate projects by their ideas and provide them with the necessary tools to succeed. To do so, it will launch three core services called the Liquidity Investment Department, Ivy Labs, and Ivy Research. The first will be an asset management platform for smart DeFi mining and income aggregation. The second will be a crypto and blockchain incubator. The last will be a research arm focusing on blockchain and crypto.
Ivy Blocks will rely on all of those to “encompass liquidity investments, project acceleration support, technical guidance, professional mentorship,” etc.
Huobi CFO Lily Zhang commented on the new investment arm, saying “Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and Web 3 blockchain ecosystem.”
Ivy Blocks will have more than $1 billion worth of cryptocurrencies under management. This substantial amount will allow the investment arm to be “well-placed to take advantage of unique opportunities” in the markets.
Ivy Blocks will evaluate projects by their ideas and provide them with the necessary tools to succeed. To do so, it will launch three core services called the Liquidity Investment Department, Ivy Labs, and Ivy Research. The first will be an asset management platform for smart DeFi mining and income aggregation. The second will be a crypto and blockchain incubator. The last will be a research arm focusing on blockchain and crypto.
Ivy Blocks will rely on all of those to “encompass liquidity investments, project acceleration support, technical guidance, professional mentorship,” etc.
Huobi CFO Lily Zhang commented on the new investment arm, saying “Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and Web 3 blockchain ecosystem.”