Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund

[MRM]

Crypto exchange operator Huobi Group is forming a new fund to invest tens of millions of dollars of its own capital in the decentralized finance (DeFi) space.

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.
Source: https://www.coindesk.com/crypto-exchange-huobi-defi-labs-fund