Huobi Launches Investment Arm Ivy Blocks

Twitter icon  •  Published hace 1 año  •  Mark Weaden

Huobi has announced the launch of a new investment arm named Ivy Blocks, aimed at taking on Web3 projects and developing various aspects of decentralized finance (DeFi)

Huobi, a Seychelles-based cryptocurrency exchange platform, has announced the launch of a new investment arm named Ivy Blocks, aimed at taking on Web3 projects and developing various aspects of decentralized finance (DeFi). 

Ivy Blocks will focus on seeking out new and exciting projects that are in seed stages to aid them through financing and other supporting services, with the goal of making a “better, more inclusive” Web3 ecosystem. 

Ivy Blocks 

This month alone, we’ve already seen numerous major cryptocurrency firms, including Binance investing $500 million into Web3, looking to take advantage of their investment arms as the bull market continues. 

Web3 is a thriving industry, as it’s connected to the fast-moving cryptocurrency space, with lots of crypto exchanges, VC firms, and big industry players trying to get in the action. Huobi stands as a top ten crypto exchange globally in terms of volume traded, meaning Ivy Blocks will be able to throw its weight around when it comes to investing. 

According to a statement released by Huobi, Ivy Blocks will have a multi-billion dollar backing from the exchange, allowing it the freedom and support to achieve its goal. The company went on to state that the company is  “well-placed to take advantage of unique opportunities in cryptocurrency markets globally.” 

Ivy Blocks hopes to launch three core services, which include an asset management platform for DeFi projects, as well as an innovation-led incubation division, and finally a research-driven crypto platform. 

Financing Power

Huobi’s success as a platform for trading digital assets has led the company to develop the Ivy Blocks investment wing. Financing is a core aspect of any investment company, especially in an industry as liquid as cryptocurrency. 

More often than not, startups fall short due to a lack of financial backing. Ivy Blocks will be a very appealing partner for many aspiring Web3 projects for this reason. Huobi CFO Lily Zhang had this to say on the launch of Ivy Blocks “Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and Web3 blockchain ecosystem.”

With over $1 billion in assets under management from companies already incubated, we expect to see Ivy Blocks investing in many more Web3 projects in the coming months. 

Author

Mark Weaden

Mark Weaden is a British researcher and crypto enthusiast, living in Barcelona. His work has been published on a variety of leading cryptocurrency sites.