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Huobi Investment Arm Backs Beyond Finance With Strategic Investment

Huobi will advise Beyond Finance on creating a decentralized "synthetic-asset" platform.

Jun 23, 2021 at 12:21 p.m. UTC
Updated Sep 14, 2021 at 1:15 p.m. UTC

The investment arm of crypto exchange Huobi made a strategic investment in decentralized-finance (DeFi) platform Beyond Finance.

  • As part of the investment, Huobi will advise Beyond Finance on creating a decentralized "synthetic-asset" platform, according to an announcement Wednesday. Sythetic assets are tokenized derivatives.
  • The size of the investment wasn't disclosed.
  • Beyond Finance's other institutional investors include Consensus Capital and OKEx Blockdream Ventures.
  • The partnership will also see Beyond Finance integrated into Heco, a public blockchain created by Huobi and designed to offer Ethereum developers a low-cost and interoperable platform for building DeFi applications.
  • Last month, Huobi said it was dedicating $100 million to invest in DeFi projects and make acquisitions.

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