Cryptocurrency exchange Huobi Global introduced Ivy Blocks, its web3-based blockchain investment arm.
Huobi said it will invest in promising blockchain projects to be key to Ivy Blocks’ growth potential.
Huobi CFO Lily Zhang said:
“Many promising projects Many promising projects tend to face liquidity constraints and lack of market entry support, which pose significant barriers to growth. Our focus on providing liquidity investments in such projects will help us build a more inclusive DeFi and web3 blockchain ecosystem”
The company said Ivy Blocks will leverage crypto opportunities in global markets. Huobi has confirmed that its new investment arm has more than $1 billion in crypto to be distributed under its management.
