The decentralized platform Beyond Finance has received a strategic investment from DeFi industry leader Huobi Ventures. The partnership between the two companies will also leverage Huobi’s strong market presence to scale Beyond Finance’s launch of a consumer-friendly synthetics asset platform more quickly within the DeFi space.
Beyond Finance Bags DeFi Industry Heavyweight Huobi Ventures
Huobi Ventures have now joined the list of institutional investors supporting Beyond Finance, along with Rarestone Capital, Spark Digital Capital, Consensus Capital, and OKEx Blockdream Ventures. Being adept in matters of strategic mergers and acquisition, strategic investments, asset management, and ecosystem building, Huobi Ventures will be able to guide Beyond Finance to create a user-friendly decentralized synthetic asset platform.
Partnership To Launch Consumer-Friendly Synthetics Asset Platform
Along with the investment, Huobi Ventures are also partnering with Beyond Finance to help launch Beyond’s consumer-friendly synthetics asset platform within the DeFi space. During the launch, HECO users will be able to access Beyond Finance through its integration with the Huobi Wallet and the Heco Chain via Beyond's Hybrid Roll-up.
Other benefits to the HECO Ecosystem include the introduction of the first synthetic HT Tokens (HTb) on the Beyond Finance platform and an exclusive staking program for HECO users.
Co-Founder & CPO of Beyond, Finance Kenneth, said
“It is without doubt that retail interest in synthetic assets has been growing exponentially at a phenomenal rate. We are excited and grateful that Huobi joins us as we look to enter the market with our consumer-friendly platform expanding the synthetic DeFi ecosystem. Our partnership opportunities will ensure Beyond Finance becomes a leading decentralized synthetic asset trading protocol.”
About Huobi Ventures
Huobi Group’s investment arm, Huobi Ventures is led by CFO Lily Zhang and is focused on supporting innovative blockchain projects through long-term investment strategies. The new venture arm will deploy $100 million USD into early-stage blockchain and decentralized finance (DeFi) projects over a three-year period, make strategic acquisitions to diversify and expand Huobi's offerings.
About Beyond Finance
Beyond is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator. These synthetic products are governed by the Beyond protocol and collateralized by BYN tokens, where token holders are incentivized with additional BYN tokens to stake and provide liquidity to the synthetic products.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.