Huobi Asset Management Launches Virtual Asset and Mining Funds for Institutional Investors
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LONDON, April 22, 2021 /PRNewswire/ -- Huobi Asset Management (Hong Kong) Limited (Huobi Asset Management), a wholly-owned subsidiary of Huobi Technology Holdings Limited (Huobi Tech, stock code: 1611), today announced the launch of four crypto-related funds for institutional investors. The new offerings, include three virtual asset funds and a private equity fund for blockchain mining-related businesses.
On March 3rd, 2021, Huobi Asset Management obtained the SFC's approval to manage and distribute funds 100% invested in digital assets, making Huobi only the second virtual asset fund manager to become licensed in Hong Kong. Since obtaining approval, Huobi Asset Management has already received $50 million USD in commitments across the four funds and is targeting $100 million by Q3 2021.