Huobi Technology launched investment unit for Web 3.0 startups

The project provides for both traditional equity investment and token investment

25.04.2022 - 13:05

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1 min

What’s new? Huobi Technology Holdings Limited has announced the launch of a new strategic investment unit called Huobi Tech Capital. It will look at investment opportunities in early-stage startups in the field of Web 3.0, DeFi, and the metaverse. The unit’s plan provides for both traditional equity investment and token investment.

Huobi’s press release

What is known about the company? Huobi Technology Holdings operates independently of Huobi Group, the company that owns the Huobi Global cryptocurrency exchange. Both organizations have common shareholders but are two separate legal entities. Huobi Technology is engaged in providing asset management services and investment solutions, as well as trust and custody businesses. Previously, it was known as the manufacturer of electronic goods, Pantronics Holdings.

What had happened before? In early March, Huobi Technology Holdings launched a cryptocurrency over-the-counter (OTC) market. Huobi Tech makes it possible to trade cryptocurrencies as well as fiat currencies through OTC.

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