Menu
  • Latest
  • Prices
  • NFT
  • Coins
    • Bitcoin
    • Ethereum
    • Cardano
    • Ripple
    • Solana
    • Shiba inu
    • Dogecoin
    • Algorand
    • Litecoin
  • GEO
    • Ukraine
    • China
    • India
    • South Korea
    • North Korea
    • El Salvador
    • Switzerland
    • Nigeria
    • Russia
    • Latin America
  • Wiki
Language:

Coin Prologue
  • Latest
  • Prices
  • NFT
  • Coins
    • Bitcoin
    • Ethereum
    • Cardano
    • Ripple
    • Solana
    • Shiba inu
    • Dogecoin
    • Algorand
    • Litecoin
  • GEO
    • Ukraine
    • China
    • India
    • South Korea
    • North Korea
    • El Salvador
    • Switzerland
    • Nigeria
    • Russia
    • Latin America
  • Wiki
  • News

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

  • Ralph Smith
  • 12/06/2022
  • 2 minute read
Total
0
Shares
0
0
0
0
0
0
Table of Contents Hide
  1. Huobi enters the Web3 investment scene with Ivy Blocks

ivy blocks

Leading cryptocurrency exchange Huobi has announced the creation of a new investment arm to address decentralized finance and Web3 projects Ivy Blocks, named by the exchange, is a seed stage It will focus on finding projects and helping them through financing 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 emerging industry with many crypto exchanges and VC firms joining the trend. Huobi, a top 10 cryptocurrency exchange by trading volume, has announced the launch of its own investment arm to tackle these new markets. Ivy Blocks, as the exchange has named it, will be responsible for identifying, incubating, and nurturing potentially successful Web3 and decentralized finance projects.

According to a PR statement released by the company, Ivy Blocks has a multi-billion dollar war chest to achieve its goals and is “the right place to capitalize on unique opportunities in the global cryptocurrency market.” To support these projects, ideally those in seed or growth stages, Ivy Blocks will launch three core services.

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

Financing Capabilities

Funding is a key component of an investment firm’s ability to support its portfolio companies, and Ivy Blocks’ operation is simple and seeks to provide this financial support to startups that often fail due to finance-related issues Ivy Blocks is simple. Lily Zhang, CFO of Huobi, describes the relationship the new company will have with the projects in which it invests.

Many promising projects tend to encounter liquidity constraints and lack of market access support, which are significant barriers to growth. Our focus on providing liquidity investment and incubation services to such projects will undoubtedly contribute towards creating a better and more inclusive defi and web3 blockchain ecosystem.

IvyBlocks has over 1 billion assets under management (AUM) from a number of already incubated companies. One of these is Capricorn Finance, an automated market maker (AMM) built on top of the Cube blockchain.

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

Image credits: Shutterstock, Pixabay, Wiki Commons

More popular news

65}

Case You Missed It

Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade

Privacy-conscious Monero plans July hard fork, ring signing and bulletproof upgrades

According to a recent update to Monero’s Github repository, the privacy-centric crypto network plans to hard fork in July, with a block high of 2,668,888 Monero is the largest privacy crypto asset in terms of market cap and has been for the past seven years … Read More

Companies: Binance
Ralph Smith

Cryptocurrency geek. Met with Bitcoin and altcoins back in 2011, when the price of BTC was about 10$. Writing articles since 2014 to these days.

You May Also Like
View Post
  • 1
  • 2 min

Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

View Post
  • 3
  • 2 min

Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences

View Post
  • 2 min

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

View Post
  • 2 min

White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

View Post
  • 2 min

Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration

View Post
  • 2 min

Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration 

Recent Posts
  • Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition

    View Post
  • Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences

    View Post
  • Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

    View Post
  • White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

    View Post
Coin Prologue Coin Prologue
Made with ❤️Love in 🇺🇦Ukraine ©2021 — 2022

Input your search keywords and press Enter.