Huobi Investments Supports Beyond Finance with Strategic Investment
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According to Huobi’s announcement on Wednesday, as part of the investment, Huobi will provide advice to Beyond Finance on creating a decentralized synthetic asset platform. The size of the investment was not disclosed. Other institutional investors in Beyond Finance include Consensus Capital and OKEx Blockdream Ventures. The partnership will also see Beyond Finance integrated into Heco, a public chain created by Huobi that aims to provide Ethereum developers with a low-cost and stable platform to build DeFi applications. Huobi said last month it would commit $100 million to investing in DeFi projects and making acquisitions. |
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