Huobi establishes Huobi DeFi Labs

Huobi Group, a leading blockchain company, has established, Huobi DeFi Labs, a platform for DeFi (Decentralised Finance) research, investment, and incubation and eco system building in DeFi space. 

The aim is to build a better future financial system in collaboration with the global crypto and DeFi community.

“Huobi as the leading crypto financial services provider in Asia and worldwide, our mission is to provide the best crypto financial products and services to our users regardless it is CeFi or DeFi,” says Leon Li, founder and CEO of Huobi Group. “We are excited to join as a part of the global DeFi ecosystem and will be very honoured to work with the global community to provide the best support possible.”

The DeFi initiatives will be led by Huobi’s Chief Investment Officer Sharyn Wu, an ex-UBS  Wall Street veteran who has 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,” says 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 four research and investment professionals initially.