Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
Huobi Group said in an announcement Monday it has launched a new business unit called Huobi DeFi Labs to manage the new fund.
DeFi Labs, which initially comprises of four staff, will focus on research, investment and incubation of DeFi-related projects.
The exchange recently hired former banker Sharlyn Wu as its chief investment officer to lead the initiative.
Previously, Wu spent three years leading the blockchain investment arm at China Merchant Bank International (CMBI), the overseas branch of one of the biggest banks in China.Learn More >>