Huobi Launches Latest $100 Million Fund to Invest in Early Stage DeFi Projects 

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Huobi Group, one of the largest blockchain companies in the world, announced earlier this week that it would launch Huobi Ventures, a new subsidiary that will focus on Huobi’s investment portfolio in the blockchain space. With a $100 million portfolio, the Chinese subsidiary group will look to invest in early-stage blockchain and decentralized finance (DeFi) projects over three year periods. This initiative will be led by Huobi Group’s CFO Lily Zhang, with Huobi Ventures consolidating past investment funds Huobi Eco Fund, Huobi Capital, and Huobi DeFi labs into one investment portfolio. “While we’ve made significant progress in our investments already, the formation of Huobi Ventures is a more concerted effort to accelerate our growth at a pivotal point for Huobi,” said Zhang. “We have had separate teams focus on different investment strategies, but by bringing everyone together under a single entity, we can create a more cohesive strategy and continue…

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