Huobi Launches $1 Billion Investment Vehicle Focused on Web 3 and DeFi
The large crypto exchange Huobi has established a new investment arm, called Ivy Blocks, that 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.
Ivy Blocks will evaluate projects by their ideas, and provide them with the necessary tools to succeed.
Huobi, a digital asset exchange, has launched a $1 billion investment vehicle that will focus on Web 3.0 and DeFi technologies.
The large crypto exchange has decided to launch a new investment arm that will support DeFi and Web 3 development.
The ten-year-old crypto veteran, Huobi, has established a new investment arm called Ivy Blocks. It will focus on supporting the growing ecosystems of decentralized finance and Web 3 based blockchain protocols.
The company said it is going to manage more than $1 billion worth of cryptocurrencies. It asserted that this substantial amount will give it the opportunity to invest in unique opportunities.
Ivy Blocks will help projects succeed by judging them on the strength of their ideas, according to the PR and hopes to learn from all these projects in order to help Ivy Blocks accelerate more rapidly.
"Many promising projects encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth," said Huobi CFO Lily Zhang. "Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive crypto ecosystem."