Block-chain: Huobi Global unveils investment arm

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Block-chain: Huobi Global unveils investment arm
Block-chain: Huobi Global unveils investment arm

Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and Web3 block-chain ecosystem

Focused on decentralized finance (DeFi) and the Web3 block-chain ecosystem, crypto-currency trading platform Huobi Global has rolled out Ivy Blocks, an investment unit.

While Huobi did not disclose the fund size of Ivy Blocks, it has “multibillion-dollar war chest.”

A Deloitte report found that only 8% of the 86,000 crypto-currency projects listed on Github have been successful. In Ivy Blocks’ view, these projects fail because they lack support.

“Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and Web3 block-chain ecosystem,” Lily Zhang, Huobi’s chief finance officer, said in a statement.

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