August 3, 2020 Huobi launches Huobi DeFi Labs to manage new fund.

Crypto exchange Huobi has launched Huobi DeFi Labs, a new business division created to oversee the firm’s new investment fund. The fund will focus on incubation of DeFi-related projects. Huobi DeFi Labs will be led Chief Investment Officer Sharlyn Wu, former head of the blockchain investment arm of China Merchant Bank International.