March 2, 2020 Huobi’s new DeFi-focused blockchain, Huobi Chain, goes live on testnet.

Huobi, the Singaporean crypto asset exchange, has announced that its new blockchain, Huobi Chain, is now live on testnet. The network has been designed in collaboration with Nervos, a general-purpose blockchain platform, and is designed primarily for usage by decentralized finance (DeFi) protocols. Aside from its focus on DeFi, the new blockchain features AML and KYC checks through an identity system that allows regulators to control access to the network. The exchange expects to launch Huobi Chain towards the end of 2020.