Crypto Exchange Huobi Global Launches Investment Arm Ivy Blocks
Digital asset exchange Huobi Global has launched a new investment arm that will focus on identifying and investing in promising blockchain projects to help unlock their growth potential, serving to boost innovation and development in the DeFi and web 3.0 world.
The new investment arm, called Ivy Blocks, seeks to support and nurture up-and-coming DeFi projects by availing deserving projects with the most compelling ideas with a wide range of supporting services, so that they have the pieces needed to succeed. Ivy Blocks will be rolling out with three core services, Liquidity Investment Department, an asset management platform for smart DeFi mining and income aggregation; Ivy Labs, an innovative crypto and blockchain incubator; and Ivy Research, which focuses on blockchain and cryptocurrency research, together these services will offer all-around support for promising projects. These services will encompass liquidity investments, project acceleration support, technical guidance, professional mentorship, assistance with token listings and post-investment management, among others.
According to Huobi, the aim of Ivy Blocks is to take advantage of unique growth opportunities in the DeFi and web 3.0 space, capitalizing on the rapidly growing cryptocurrency market which has surged to US$1.25 trillion in market capitalization.
One of the first projects to be supported by Ivy Blocks is Capricorn Finance, an AMM-based decentralized exchange built on Cube. With more than US$1 billion worth of crypto assets under management, Ivy Blocks will be well-positioned to propel budding projects like Capricorn Finance to achieve peak potential, while adding value to the development of the blockchain industry.
“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth,” said Huobi CFO Lily Zhang. “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.”
