Latest Posts

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

- Advertisement -


Huobi, the leading cryptocurrency exchange, has announced the creation of a new investment division to work with decentralized finance and Web3 projects. Ivy Blocks, as the exchange called it, will focus on finding early-stage projects to help them through funding and other support services with the goal of building a “better, more inclusive” Web3 ecosystem.

Huobi enters the Web3 investing scene with Ivy Blocks

- Advertisement -

Web3 has become a thriving nascent industry that has been joined by many cryptocurrency exchanges and venture capital firms. Huobi is one of the top 10 cryptocurrency exchanges in terms of trading volume. announced launching its own investment division to enter these new markets. Ivy Blocks, as the exchange called it, will be tasked with identifying potentially successful Web3 and decentralized finance projects for incubation and development.

- Advertisement -

According to a PR post released by the company, Ivy Blocks will have a multi-billion dollar war chest to achieve its goal, making it “a good place to take advantage of unique opportunities in cryptocurrency markets around the world.” To support these projects, ideally at the seed or growth stage, Ivy blocks will launch three main services.

- Advertisement -

These services include an asset management platform for decentralized finance (defi) projects, an innovative incubation unit, and a more research-oriented crypto platform. All these services will be available to companies under the wing of Ivy Blocks.

financial strength

Financing is a key part of the support an investment company offers to its portfolio companies. The job of Ivy Blocks is simple and it aims to offer this economic support to startups that usually fail due to financial issues. On how the new company will relate to its portfolio projects, Huobi CFO Lily Zhang said:

Many promising projects tend to face liquidity constraints and a lack of go-to-market support, which poses significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will undoubtedly contribute to building a better, more inclusive defi and Web3 blockchain ecosystem.

Ivy Blocks already has over 1 billion assets under management (AUM) from a number of established companies. One of them is Capricorn Finance, an automated market maker (AMM) built on top of the Cube blockchain.

Other exchanges have also recently invested in Web3 projects. Binance Labs, the exchange’s investment arm, announced that it launched a $500 million fund on June 3 for Web3 projects.

What do you think about the launch of Huobi Web3 Ivy Blocks Investment Unit? tell us in the comments section below.



Credit : news.bitcoin.com

- Advertisement -

Latest Posts

Don't Miss