Huobi International launches $1B funding arm centered on DeFi and Web3
Digital asset trade Huobi International has spun out a brand new funding arm centered on decentralized finance (DeFi) and Web3 tasks, additional highlighting enterprise capital curiosity within the blockchain economic system.
Dubbed Ivy Blocks, the brand new funding arm has over $1 billion in crypto belongings beneath administration to deploy, a spokesperson for Huobi confirmed. These funds have been earmarked for “figuring out and investing in promising blockchain tasks,” the corporate stated.
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