Huobi, a popular cryptocurrency exchange, has launched a new investment arm aimed at decentralized finance and Web3 initiatives. Ivy Blocks will focus on locating projects in the early phases of development. It will assist them with finance and other support services.
Web3 has grown into a vibrant embryonic business, with a slew of crypto exchanges and venture capital firms jumping on board. Huobi has announced the formation of its own investing arm to take on these new markets.
Ivy Blocks will have a multibillion-dollar war chest to achieve its aim. That will make it “well-positioned to take advantage of unique opportunities in cryptocurrency markets around the world. Ivy Blocks will introduce three core services to help these initiatives, ideally when they are in the seed or growth stages.
These services include a decentralized finance (defi) asset management platform, an innovation-driven incubation division, and a more research-driven crypto platform. All of these services will be available to Ivy Blocks-affiliated businesses.
Financing is a critical component of the services that an investment firm provides to its portfolio firms. Ivy Blocks’ functioning is straightforward, and it aims to provide financial assistance to enterprises that are frequently doomed due to financial difficulties.
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