Huobi Launches $100M Subsidiary to Grow Investment Portfolio

Huobi Launches $100M Subsidiary to Grow Investment Portfolio
фото показано с : coinjournal.net

2021-5-14 13:05

The leading global blockchain asset financial service provider Huobi has unveiled a venture unit focused on acquisition and merger deals.

Seychelles-based crypto exchange, Huobi, yesterday launched a subsidiary with a war chest of $100 million to be deployed in different blockchain projects. The subsidiary arm, Huobi Ventures, will help expand the company’s investment portfolio by supporting viable blockchain and decentralised finance projects.  The funding will be used over a three-year period as per the company announcement.

The subsidiary arm will be headed by Lily Zhang, CFO of Huobi Group. According to the press release, Huobi Venture is an amalgamation of different entities within the company. The entities Huobi Capital, Huobi DeFi Labs, and Huobi Eco Fund collectively make up the new unit with similar investment goals.

“While we’ve made significant progress in our investments already, the formation of Huobi Ventures is a more concerted effort to accelerate our growth at a pivotal point for Huobi,” Zhang noted.

She added that by consolidating the various units, the company would not have to divide its focus into different investment strategies. Instead, the single unit will “create a more cohesive strategy and continue to invest in and support the most innovative projects that are shaping the blockchain and DeFi spaces.”

At present, Huobi has injected almost $70 million into several projects, including privacy-oriented blockchain firm Oasis Network, Ethereum Layer 2 scaling solution Optimism, and blockchain protocol Terra. It is reported to have seen a return and balance on hand close to $215 million.

Huobi Venture will additionally direct its attention to venture capital and mergers & acquisitions (M&As). The acquisitions will be incorporated into Huobi’s suite of blockchain applications and services as the company makes entry into these new markets. The new unit follows the launch of Huobi Tech (1611.HK), an investment fund looking to become the leading one-stop crypto service platform in Asia.

Huobi confirmed through a press release that it would also set aside a $10 million sum from the fund for emerging projects in the non-fungible tokens (NFT) space. The fund will be used to acquire NFT collectibles and promote marketplaces dealing in them. Speaking on NFTs, Zhang pointed out that the current NFTs market was just a fraction of what could be achieved with these tokens. NFTs have made headlines in the past few weeks thanks to platforms like Rarible, OpenSea, and, more recently, eBay, which announced it would allow users to buy NFTs on its site.

The post Huobi Launches $100M Subsidiary to Grow Investment Portfolio appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Huobi Token (HT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $2.4049
Капитализация $0 Rank 99999
Цена в час новости $ 35.01 (-100%)

huobi investment portfolio grow launches 100m subsidiary

huobi investment → Результатов: 32


Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem

CryptoNinjas » Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem The Solana Foundation, overseers of the upstart layer-1 proof of stake (PoS) Solana blockchain protocol, announced today it has partnered with exchanges Huobi and Gate Labs, plus investment funds NGC Ventures and HashKey Group, in addition to MATH, a multi-platform cross-chain wallet, to launch five strategic investment funds to accelerate the development of key projects […] CryptoNinjas » Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem

2021-5-9 22:05


Huobi Group Founder Appointed As CEO Of Investment Holding Company To Help Explore New Tech Projects

Leon Li is the founder of the Huobi Group Exchange. He was recently appointed as chairman of the board, CEO, and executive director of the board at Pantronics Holdings Ltd. Changes Happening at Pantronics A press statement released on September 10th, 2019 and shared with Cointelegraph noted that Li had taken up a new role […]

2019-9-11 18:08


Фото:

Huobi Senior Director Edward Chen Talked about the way forward at UCIM at Singapore

An innovative take on the disruption of world order with blockchain technology rolled out with UCIM, the United Conference of Internet Money. The two-day blockchain and cryptocurrency event as held at Singapore on November 26 and 27, 2018, and started with an aim to revamp the adoption, investment, disruption and regulation of the global market.

2019-1-10 08:00


Crypto-Exchange Huobi May Go Public on Hong Kong Stock Exchange

The Singapore-based cryptocurrency exchange Huobi is facilitating a majority shareholder takeover of a Hong Kong-listed company, which could see Huobi go public based on regulatory approval. Huobi Going Public? As noted by HKEX News, Pantronics Holdings, a Hong Kong Stock Exchange (HKEX) listed investment fund focusing on electronics, is transferring over 221 million of its […] The post Crypto-Exchange Huobi May Go Public on Hong Kong Stock Exchange appeared first on CryptoSlate.

2018-8-28 20:00