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Huobi Global launches $1B investment arm focused on DeFi and Web3

Summary by Ground News

Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects. Ivy Blocks has over $1 billion in crypto assets under management to deploy. The firm's focus on DeFi comes at a time when the sector's overall value has declined by more than half from its peak.

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Mojified

Huobi Global launches $1B investment arm focused on DeFi and Web3

Ivy Blocks has over $1 billion in crypto assets under management ready to deploy into up-and-coming blockchain projects.

3 years ago

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BITRSS

Huobi Global launches $1B investment arm focused on DeFi and Web3

The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects.

3 years ago

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Cryptic Threadz News

Huobi Global launches $1B investment arm focused on DeFi and Web3 - Cryptic Threadz News

Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy. Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto assets under management to deploy, a spokesperson for Huobi confirmed. These funds have […]

3 years ago

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