Huobi Global Ecosystem Fund Invests in Global Risk Exchange (GRE)
Huobi Global Ecosystem Fund has invested in Global Risk Exchange (GRE). GRE, founded in 2018, is a decentralized, blockchain based and open global risk exchange market. The proceeds from the investment will be used in order to promote the development of the international distribution and ecological construction of GRE.
Huobi Global Ecosystem Fund, established in 2018, works with the aim to invest in the best companies and form close partnerships in the blockchain domain to make the blockchain space stronger and healthier. The fund has previously invested about $51 million in a Chinese blockchain news platform named Mars Finance.
The Fund is responsible for the global ecological layout business of Huobi group, which is one of the leading global financial service providers in blockchain industry. The group also offer various crypto assets and financial services to crypto investors. It serves millions of users around the globe and has offices in Singapore, the United States, Hong Kong, South Korea etc.
Huobi is the third largest crypto exchange in the world and plans to create a China-South Korea fund of about $93 million. The purpose of this fund is said to be an investment in both the countries in the blockchain businesses.
Global Risk Exchange (GRE), on the other hand, aims to help individuals and businesses to trade, access and manage their risks. It works with a purpose to reconstruct traditional risk management tools in a decentralized manner. They also plan to create the infrastructure and trading platform for risk management industry.
GRE attracts a large number of orders and traded contracts. It is also listed on LEEKICO which is Australia’s largest ICO funding platforms for innovative projects. It has attracted many investors including James Gong, who is the founder of Blockchain Pencil and ICOAGE, Shen Bo, who is the founder of Fenbushi Capital, and Lihua Yi, the founder of LD Capital Limited.
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