Huobi Announces $1 Billion Investment

Huobi, a near-decade-old veteran in cryptocurrency, has created an investment arm called Ivy Blocks that will support the growing ecosystems for decentralized finance as well as Web-based blockchain protocols.

The official press release reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential, serving to boost innovation and development in the DeFi and Web 3 world.”

According to the company, Ivy Blocks will manage more than $1 billion in cryptocurrencies. It asserted that this substantial amount will allow the investment arm to be “well-placed to take advantage of unique opportunities” in the markets.

According to the PR, Ivy Blocks will assess projects based on their ideas and give them the tools they need to succeed.

It will launch three core services, Liquidity Investment Department (Ivy Labs), and Ivy Research to do this. The first will be an asset management platform for smart DeFi mining and income aggregation, the second – a crypto and blockchain incubator, and the last – a research arm focusing on blockchain and crypto.

Ivy Blocks will rely on all of those to “encompass liquidity investments, project acceleration support, technical guidance, professional mentorship,” etc.

“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present 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 blockchain ecosystem.” – commented Huobi CFO Lily Zhang.

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