Huobi Enters Venture Capital with Ivy Blocks

Huobi Global, a cryptocurrency exchange, launched Ivy Blocks to help investors invest in cryptocurrency projects around the world.

“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth,” said Huobi Chief Financial Officer Lily Zhang in a statement. The new investment arm “will no question contribute towards creating better, more inclusive DeFi.” [decentralized finance]Web 3 Blockchain ecosystem
According to the company, Ivy Blocks will provide three core services. The company will also have a liquidity investment division that provides an asset management platform for smart DeFi miners and income aggregation. Ivy Labs and Ivy Research will also be available.
Ivy Blocks currently manages over $1 billion worth of crypto assets. Capricorn Finance is one of the early projects. It is an automated market maker (AMM), decentralized exchange that was built on Cube blockchain.
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