Crypto Exchange Operator Huobi Group Hires Sharlyn Wu To Lead DeFi Fund

Job Appointments | August 4, 2020 By:

Cryptocurrency exchange operator Huobi Group has hired Sharlyn Wu as the company’s chief investment officer to lead its new initiative to invest in decentralized finance (DeFi).

On Monday, Huobi announced the establishment of Huobi DeFi Labs, a platform for DeFi research, investment, and incubation and ecosystem building in DeFi space. It aims to build a better financial system in collaborations with the global crypto and DeFi community for the future.

The new DeFi initiative will be led by Wu, a well-known banking executive and has over a decade of experience in the traditional finance industry. Wu joins the Huobi Group after leading the blockchain investment arm at China Merchant Bank International (CMBI) for three years. Under Wu’s leadership, the CMBI ventured and invested in several blockchain and crypto projects, including public blockchain projects like Nervous as well as wallet startup Bitpie.

“Over the past two years, we have witnessed the birth and exponential growth of DeFi,” said Wu. “The width, depth and speed of innovations are unparalleled in human history. It is exciting to see the poer of permissionless economy unleashed at global scale. However, there are still many problems to be solved at theoretical and technical level. There is also a lot of investor education to do in order to bring crypto and DeFi to mainstream users. As DeFi is still in its infancy, it needs collective efforts from the global community to build and grow the space together.”