Huobi launches Blockchain and Web3 Investment Arm Ivy Blocks – Bitcoin News

Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the stock exchange, will focus on finding projects in the early stages to help them through funding and other support services with the goal of creating a “better, more inclusive” Web3 ecosystem.

Huobi enters the Web3 investment scene with ivy blocks

Web3 has become a thriving start-up industry with many crypto exchanges and VC companies joining the trend. Huobi, a top ten cryptocurrency exchange in volume trading, has announced the launch of its own investment arm to tackle these new markets. Ivy Blocks, as the stock exchange has called it, will have the task of identifying potentially successful Web3 and decentralized financial projects that will be incubated and nurtured.

According to a public relations statement issued by the company, Ivy Blocks will have a multi-billion dollar war chest to complete the goal, making it “well positioned to take advantage of unique opportunities in cryptocurrency markets globally.” To support these projects, ideally in seed or growth stages, Ivy Blocks will launch three core services.

These services include an asset management platform for decentralized finance projects (defi), an innovation-led incubation department and a more research-driven crypto platform. All of these services will be available to companies under the wing of Ivy Blocks.

Financing power

Financing is a key part of the support that an investment company offers its portfolio companies. The operation of Ivy Blocks is simple, and it seeks to offer this financial support to startups, which often fail due to financial problems. Regarding the relationship that the new company will have with its portfolio projects, Huobi CFO Lily Zhang stated:

Many promising projects tend to face liquidity constraints and a lack of market support, which constitute significant obstacles to growth. Our focus on providing such projects with liquidity investments and incubation services will undoubtedly contribute to creating a better, more inclusive defi and Web3 blockchain ecosystem.

Ivy Blocks already has more than 1 billion assets under management (AUM) from a number of companies that have already been incubated. One of them is Capricorn Finance, an automated marketer (AMM) built on top of the Cube blockchain.

Other exchanges have also invested in Web3 projects recently. Binance Labs, the investment arm of the stock exchange, reported that it launched a $ 500 million fund for Web3 projects on June 3.

What do you think of the launch of Huobi’s Web3 investment arm Ivy Blocks? tell us in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, and entered the cryptosphere when the price increase occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, and offers a different view of crypto success and how it helps the unbanked and underprivileged.

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