Huobi Group, the owner of the Huobi cryptocurrency exchange, is launching a new fund for investments in the Decentralized Finance (DeFi) market.
Charlene Wu, who previously worked in the investment department of China Merchant Bank International (CMBI), a subsidiary of one of the largest Chinese banks, will head the new division, Huobi DeFi Labs, according to a press release. CMBI has invested in several cryptocurrency and blockchain companies, including the Bitpie wallet and startup Nervos.
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Huobi announces launch of DeFi investment fund
