Huobi Global, a cryptocurrency exchange, has announced the creation of a new DeFi and Web3 investment arm. The investment arm, dubbed Ivy Blocks, has over $1 billion in crypto assets under management, which it will use to bring value to the blockchain industry’s development.
Huobi launches a new investment arm
Ivy Blocks will offer three basic services, according to an announcement statement released on Friday.
To begin, a liquidity investment department will be established, with an asset management platform for efficient DeFi mining and income aggregation. Ivy Labs, an innovative crypto and blockchain incubator, and Ivy Research, which focuses on blockchain and cryptocurrency research, are two more divisions.
Commenting on the launch, Huobi CFO Lily Zhang, said:
“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which presents 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 3.0 blockchain ecosystem.”
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