Cryptocurrency exchange <a href="https://www.huobi.com/en-us/" target="_blank" rel="nofollow noopener">Huobi Global</a> announced that it has launched a new DeFi and Web3 investment arm. Dubbed Ivy Blocks, the investment arm has over $1 billion in crypto assets under management to deploy to add value to the development of the blockchain industry.
<h2 class="typography__StyledTypography-owin6q-0 exhCPX">Huobi Forms Newly Investment Arm</h2>
According to an announcement statement published Friday, Ivy Blocks will be providing three core services.

Firstly, there will be a liquidity investment department providing an asset management platform for smart DeFi mining and income aggregation. There are also other departments called Ivy Labs, an innovative crypto and blockchain incubator; and Ivy Research, which focuses on blockchain and cryptocurrency research.

https://twitter.com/HuobiGlobal/status/1535230305673416709

Commenting on the launch, Huobi CFO Lily Zhang, said:
<blockquote><em>“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which presents 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 3.0 blockchain ecosystem.”</em></blockquote>
<h2>Capitalizing on the Crypto Industry</h2>
Huobi's venture capital arm was launched with the aim to take advantage of the growth opportunities in the <a href="https://www.cryptoknowmics.com/news/now-on-deversifi-cross-chain-swaps-for-bridgeless-defi-transactions/" target="_blank" rel="noopener">DeFi</a> and web3 space and capitalize on the rapidly growing cryptocurrency market which has surged to $1.25 trillion in market capitalization.

Ivy Blocks also announced that Capricorn Finance, an automated market maker decentralized exchange built on the Cube blockchain, was the first project to receive funding.

Huobi Launches $1B Venture Capital Arm Focused on Web3 Startups

Huobi Global has launched the new $1B investment arm, Dubbed Ivy Blocks, that has over $1 billion in crypto assets to add value to the blockchain industry.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Huobi Launches $1B Venture Capital Arm Focused on Web3 Startups

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