On Thursday, Huobi Group, the parent company of its namesake Chinese cryptocurrency exchange, one of the largest crypto exchanges in Asia, launched a venture investment arm for blockchain projects and decentralized finance (DeFi) investments.
Huobi Ventures says it will invest $100 million into blockchain and DeFi projects over the next three years, expand Huobi's product offerings, and dedicate $10 million in building a non-fungible token (NFT) fund, according to a press release.