Crypto Exchange Huobi Hires Alex Pack As Corporate Investment Advisorbr>
Cryptocurrency exchange operator Huobi Group has announced that Alex Pack, a former managing partner of crypto investment firm Dragonfly Capital, has joined the group as a corporate investment advisor.
Established in 2013, Huobi Group is a blockchain company, consisting of ten upstream and downstream enterprises. It claims to provide safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in over 170 countries. The group’s crypto products and offerings, include trading and finance, cryptocurrency finance infrastructure solutions, education, data and research, social welfare, investment and incubation, and many more.
Pack is one of the earliest institutional investors in crypto. In 2018, he co-founded Dragonfly Capital with Feng Bo, a $100M crypto-focused venture fund, and previously invested with Bain Capital Ventures and AngelList. He is an early investor behind many of the leading teams in crypto, including Compound Finance, MakerDAO, UMA Protocol, Amber Group, MatrixPort, Polychain Capital, Ethereum, and Cosmos.
As Huobi’s corporate investment advisor, Pack will play an active role across all aspects of Huobi’s investment operations, from deal sourcing and due diligence to deal execution and portfolio support. Pack will also help finetune Huobi’s investment thesis and expand Huobi’s overseas presence. He will work closely with Huobi’s corporate investment team led by Chief Investment Officer Sharlyn Wu, a veteran banking executive who was recently appointed to oversee the company’s venture investments.
“Alex has one of the sharpest minds in crypto,” said Wu. “Not only does he understand the macro impact of DeFi and crypto, he’s also able to drill down into the specifics of different projects. “I’m thrilled to work with him again in a formal capacity as we expand our strategic investment efforts across the globe. Together, we will empower entrepreneurs from all over the world to build toward a new decentralized economy and revolutionize the existing financial system.”
“Sharlyn and I have known each other for years, and I have always regarded her as one of the most long term, visionary crypto thinkers in China,” said Pack. “That’s why I was excited when I heard that she was joining Huobi, which is one of the most important companies in crypto. Huobi can be a total game-changer for the burgeoning decentralized economy, and I’m excited to support its efforts.”