Huobi Ventures, the investment arm of leading exchange Huobi Global, is beyond excited to be investing in Matter Labs. Besides the investment, Huobi will also be joining forces with zkSync in its mission in making self-sovereign participation in the digital economy — that is, maintaining complete control over one’s digital assets — affordable for anyone in the world.
Huobi is integrating with zkSync to offer direct fiat onramp and offramps to zkSync’s Layer 2. Huobi users will no longer need to pay expensive mainnet transaction fees to deposit and withdraw assets from zkSync, and zkSync users will be able to leverage Huobi’s liquidity and scale.
JinBin Xie, Investment Manager of Huobi Ventures, said: “The significance of zkSync is that non-interactive Rollup could be achieved by importing Zero Knowledge Proof as well as zkEVM. More Dapps are eligible to be migrated to Layer 2. ZkSync 2.0 will spark a wave of DeFi movement to Layer 2.”
About Huobi Group
As a world-leading blockchain company, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries. Huobi Group has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research, and more. Huobi Group has established a global digital ecosystem through investing in over 60 upstream and downstream companies across the blockchain industry.
About Huobi Ventures
Huobi Ventures is a wholly-owned subsidiary of Huobi Group that focuses on global investments. Huobi Ventures’ structure is divided into four business lines: Strategic Investment, Strategic M&A, Asset Management, and Global Cooperation. Thus far, Huobi Ventures has launched three funds to focus on Blockchain, HECO Ecology, and NFTs, respectively. Huobi Ventures aims to drive growth for Huobi Group and create a global ecosystem with our partners.
