Huobi Ventures Launches with $100M for Early Stage DeFi Investments, Mergers and Acquisitions

LONDON, May 13, 2021 / PRNewswire / – Huobi Group, the world’s leading blockchain company, today announced the launch of Huobi Ventures, a wholly owned subsidiary focused on expanding Huobi’s venture investment portfolio and supporting innovative blockchain projects through long-term investment strategies. The new venture arm is deployed $ 100 million Conduct early-stage blockchain and decentralized finance (DeFi) projects over a three-year period, make strategic acquisitions to diversify and expand Huobi’s offerings, and set up a dedicated company $ 10 million Non-Fungible Token Fund (NFT).

Under the direction of the CFO of the Huobi Group Lily ZhangHuobi Ventures is consolidating several existing investment vehicles, including the Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs, into a single entity that will advance Huobi’s investment strategy. So far, Huobi has invested $ 69.42 million over hundreds of projects in blockchain, media, public blockchains, stablecoins and more. The rate of return and equilibrium have reached approximately $ 215 million.

Notable investments made in the past include Ampleforth (AMPL), the world’s first base rebasing ideally suited for use in smart contracts of DeFi protocols. Terra, a programmable money for the internet that makes spending more seamless $ 2 billion Market capitalization; Oasis Network, a data protection-enabled blockchain platform for open finance and responsible data management; and Optimism, a startup that recently launched its solution to Ethereum’s transaction problem, the Optimistic Virtual Machine (OVM).

The creation of Huobi Ventures builds on this dynamic and expands Huobi’s investment focus into two key areas: corporate mergers and acquisitions (M&A) and venture capital. As part of the M&A department, Huobi Ventures will identify strategic opportunities for various blockchain industries to complement and expand Huobi’s product offering. Acquisitions will be incorporated into Huobi’s growing suite of blockchain-enabled product applications and services to expand business into new markets. The venture capital unit will invest in new blockchain use cases and DeFi projects over the long term.

“While we have made significant strides in our investments, the creation of Huobi Ventures is a more concerted effort to accelerate our growth at a point critical for Huobi,” said Zhang. “We had separate teams focused on different investment strategies. However, by bringing them all under one roof, we can develop a more coherent strategy and continue to invest in and support the most innovative projects that shape the blockchain and DeFi areas.”

In addition to the M&A and venture capital business areas, Huobi Ventures is setting up its own company $ 10 million NFT funds. As the NFT space continues to grow with the advent of platforms like NBA Top Shot, Rarible, or OpenSea, the new NFT fund will invest in both NFT collectibles and emerging NFT projects like marketplaces, mining, or crypto gamification.

Zhang added, “NFTs are the future of art and collectibles, but they also offer creators such as musicians and artists a new way to connect with fans and introduce blockchain to the mainstream audience. While NFTs are already becoming a growing part of the internet culture, what we will see in the market today is only a fraction of what is actually possible with NFTs. As an immutable way to prove the authenticity and ownership of digital files, we will find that its use in games , Media and business is increasing and more in the near future. ”

Huobi Ventures is Huobi’s latest initiative aimed at expanding its reach and influence into new market segments as it expands globally. Huobi Ventures will seek early investments that set industry trends and strategic acquisitions that can be integrated into the larger Huobi ecosystem. These include digital asset trading platforms like Huobi Global and Huobi Futures, public blockchains like the HECO chain, and mining pools like Huobi Pool, and much more.

About the Huobi Group

As a global leader in the blockchain industry, the Huobi Group was founded in 2013 with the aim of making breakthroughs in blockchain core technology and integrating blockchain technology with other industries. The Huobi Group has expanded into public blockchains, digital asset trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more. By investing in over 60 upstream and downstream companies in the blockchain industry, the Huobi Group has built a global ecosystem of the digital economy and created a holistic global ecology of the digital economy.

Further information can be found at https://blog.hbg.com/.

SOURCE Huobi Ventures

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