Huobi Global New Investment Arm Looks to Expand Into Web 3.0

Digital asset exchange Huobi Global has developed a new investment arm based on Decentralized Finance (Defi) and the Web 3.0 Ecosystem. Huobi Global's new investment arm, Ivy Blocks, has more than $1 billion in cryptocurrency assets under management, according to a spokeswoman for the digital asset exchange. 

Huobi Global's asset management department would provide "liquidity investments" to help DeFi and Web3 initiatives get off the ground, according to Lily Zhang, the company's chief financial officer.

This will help spur innovation and growth in the Defi and web 3.0 fields. Because of its massive war chest, Ivy Blocks will be in a great position to take advantage of one-of-a-kind opportunities in cryptocurrency markets worldwide.

Ivy Blocks will provide many services for selected projects, including an asset management platform, a new blockchain incubator, a dedicated research arm, and funding.

Ivy Blocks will focus on finding promising blockchain initiatives and investing in those startups to help them achieve their growth opportunities. Ivy Blocks will launch with three primary services, the Liquidity Investment Department, a wealth management platform for mining smart DeFi and income aggregation; Ivy Labs, a pioneering cryptocurrency and blockchain incubator; and Ivy Research, focusing on research on blockchain and crypto. The three primary services combined will provide comprehensive support to promising projects according to Ivy Blocks Website. 

Ivy Blocks, managing over $1B of cryptocurrency assets, will be in a powerful position to help young initiatives like Capricorn Finance achieve their full potential and contribute to the blockchain ecosystem's development. 

Author: Garrett Meifert

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