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Beyond Finance and Huobi Ventures ink $100 million funding deal

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Beyond Finance is set for a giant leap with Huobi Ventures’ $100 million investment aimed at helping the company in its ecosystem building, merger and acquisitions, and other key business areas. 

It is a clear recognition of Beyond Finance’s massive potential in creating a sweeping presence in the emerging field of synthetic assets. 

Together with the new investment, the financial services company will also receive strategic partnership and advisory services from Huobi Ventures through its investment arm, Huobi Global. 

It will also provide assistance and in-depth advice on Beyond Finance’s decentralized system to transform it into an even more user-friendly platform. 

According to Huobi Ventures, Beyond Finance stood out from the rest of DeFi projects that had applied for funding because of its multi-dimensional strategies, making it the first project to receive funding from the company. 

Support from HECO fund and a growing number of investors

HECO Fund is a special fund managed by Huobi Ventures to expand its crypto presence by funding up-and-coming projects with high potentials to bring innovative DeFi platforms into the market. 

Huobi Ventures is aggressive in its effort to search and incubate projects that can make a big impact in the DeFi sector, an initiative that Beyond Finance puts a premium on.

Beyond Finance is also grateful that an increasing number of institutional investors are starting to see its potential to deliver an innovative service. The list includes Moonwhale Ventures, Spark Digital Capital, Blockchain Ventures, Blocsync, Consensus, and X21. 

Beyond the ordinary, extraordinary

The DeFi ecosystem is rapidly expanding. In fact, it has grown 88 times in just a year, and this $100 billion sector has attracted various DeFi groups and top global exchanges to fund promising DeFi-related projects. 

Beyond Finance and Huobi Ventures is a partnership that is expected to create a strong foothold in the ever-expanding DeFi ecosystem. And with these two companies’ impressive track records, their partnership is a welcome addition to the bustling DeFi industry. 

Image courtesy of Cointelegraph News/YouTube

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Source: https://bitcoinerx.com/blockchain/beyond-finance-and-huobi-ventures-ink-100-million-funding-deal/

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