Huobi Founder Li Lin Raises $1B With Partners to Accumulate Ethereum
Huobi founder Li Lin has joined forces with a few of Asia’s earliest Ethereum backers to launch a $1 billion digital asset belief geared toward accumulating Ether (ETH).
Key Takeaways:
- Huobi founder Li Lin and outstanding Asian crypto buyers have raised $1 billion to launch an Ether-focused digital asset belief.
- The belief consists of main backers comparable to HongShan Capital and Avenir Capital.
- The initiative goals to capitalize on rising institutional demand for Ethereum.
Li, who additionally chairs Avenir Capital, is working alongside Shen Bo, co-founder of Fenbushi Capital; Xiao Feng, chairman and CEO of HashKey Group; and Cai Wensheng, the founding father of photo-editing app Meitu Inc. and certainly one of China’s most outstanding crypto buyers, Bloomberg reported, citing folks acquainted with the matter.
Huobi Founder’s $1B Ether Trust Nears Launch
The group plans to construction the Ether belief by way of a Nasdaq-listed shell firm, offering a regulated framework for institutional participation.
The venture has already raised about $1 billion, together with $500 million from HongShan Capital Group (previously Sequoia China) and $200 million from Li’s Avenir, in accordance to the folks, who requested not to be recognized as a result of discussions stay non-public.
An official announcement is anticipated inside the subsequent few weeks.
The belief is designed to supply regulated publicity to Ether and associated digital belongings, at a time when institutional curiosity in crypto is accelerating following the success of US spot Bitcoin ETFs.
The transfer positions Li’s group to seize rising investor demand for Ethereum-based monetary merchandise because the market anticipates the approval of spot Ether ETFs in main jurisdictions.
Li, who based Huobi in 2013, turned it into one of many world’s prime exchanges earlier than promoting it to entrepreneur Justin Sun after China’s crypto ban in 2021.
He later established Avenir Capital, a Hong Kong-based funding agency that has develop into certainly one of Asia’s largest holders of Bitcoin ETFs, with over $1 billion in belongings beneath administration.
The companions, Shen, Xiao, and Cai, are a part of the primary wave of Chinese crypto entrepreneurs who started investing in Ethereum shortly after its 2015 launch.
Shen’s Fenbushi Capital backed a number of early blockchain tasks; Xiao’s HashKey was among the many first to safe Hong Kong’s digital asset buying and selling license; and Cai has made a number of headline-making crypto investments by way of his private fund.
Ethereum Poised for ‘Trillion-Dollar Phase’ as Institutions Flock to Quality
At the Digital Assets Summit (DAS) 2025 in London, prime business figures, together with Consensys CEO Joseph Lubin and SharpLinokay Co-CEO Joseph Chalom, mentioned Ethereum’s growing role as the foundation for institutional finance.
The panel, titled “The Path to Trillions: Ethereum’s Institutional Dominance,” explored how Ethereum’s infrastructure, staking yields, and tokenization capabilities are making it central to the following wave of world monetary innovation.
Speakers highlighted key catalysts for institutional adoption, together with on-chain fund issuance, interoperability, and improved regulatory readability, that would cement Ethereum’s dominance in decentralized finance (DeFi) and tokenized real-world belongings.
Lubin famous that Ethereum’s evolution towards scalability and compliance is drawing renewed institutional confidence.
Chalom, a former BlackRock govt, mirrored on final week’s crypto market crash, calling it “a horrible day for people,” and blaming “insidious leverage rubbish” for the turmoil.
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