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Huobi Global launches $1B investment arm focused on DeFi and Web3 -Breaking


Huobi Global opens $1B Investment Arm focusing on DeFi and Web3

Huobi Global, a digital asset exchange has created a new investment arm that focuses on Web3 and decentralized finance (DeFi), further showing venture capital interest in blockchain technology.

The new investment arm, called Ivy Blocks has more than $1 billion worth of crypto assets that it can deploy. A spokesperson from Huobi said this. These funds have been earmarked for “identifying and investing in promising blockchain projects,” the company said.

The DeFi sector has fallen 58% since its peak when measured in TVL. Chart: DeFi Llama.