Cryptocurrency exchange Huobi Global launched Ivy Blocks with a “multi-billion dollar war chest” to invest in cryptocurrency projects globally.
-
“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 in a statement. “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.”
-
Ivy Blocks will be opening up with three core services, said Huobi: 1) Liquidity Investment Department, an asset management platform for smart DeFi mining and income aggregation; 2) Ivy Labs, an innovative crypto and blockchain incubator; 3) Ivy Research, which focuses on blockchain and cryptocurrency research.
-
Ivy Blocks currently has more than $1 billion in crypto assets under management. Among early projects is Capricorn Finance, an automated market making (AMM) decentralized exchange built on the Cube blockchain.
Read more: Huobi Global Acquires Latin American Crypto Exchange Bitex
Read more about
HuobiWeb 3.0DeFiBlockchain Technology
The Festival for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now
BTC$29,163.93
3.13%
ETH$1,680.53
6.14%
BNB$285.94
1.09%
XRP$0.382686
4.00%
SOL$37.59
5.49%
View All Prices
Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.
