Huobi Group has announced the launch of Huobi DeFi Labs, a platform for research, investment, incubation, and ecosystem building in decentralized finance space. It aims to build a better financial system in collaboration with the global crypto and DeFi community.
The DeFi initiatives will be led by Huobi’s Chief Investment Officer Sharlyn Wu, who was a Wall Street veteran, ex UBS and also have been leading blockchain investment at China Merchant Bank International.
“Over the past two years, we have witnessed the birth and exponential growth of DeFi. The width, depth and speed of innovations are unparalleled in human history. It is exciting to see the power of permissionless economy unleashed at global scale. However, there are still many problems to be solved at theoretical and technical level,” said Sharyn Wu, Huobi’s Chief Investment Officer. “There is also a lot of investor education to do in order to bring crypto and DeFi to mainstream users. As DeFi is still in its infancy, it needs collective efforts from the global community to build and grow the space together.”
Huobi Group will allocate tens of millions of dollars to an initial investment fund, which will be managed by Huobi DeFi Labs. The team consists of 4 research and investment professionals initially. DeFi Labs will research underlying financial theories and technology, invest and incubate DeFi projects, and service the entire DeFi ecosystem.