Huobi founder Li Lin has joined forces with a few of Asia’s earliest Ethereum backers to launch a $1 billion digital asset belief aimed toward accumulating Ether (ETH).
Key Takeaways:
- Huobi founder Li Lin and distinguished Asian crypto traders have raised $1 billion to launch an Ether-focused digital asset belief.
- The belief contains main backers similar 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 distinguished crypto traders, Bloomberg reported, citing folks acquainted with the matter.
Huobi Founder’s $1B Ether Belief 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 mission 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 with the folks, who requested to not be recognized as a result of discussions stay personal.
An official announcement is predicted throughout the subsequent few weeks.
The belief is designed to supply regulated publicity to Ether and associated digital property, 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.
NEW: HUOBI FOUNDER LI LIN TO LAUNCH $1B $ETH TRUST WITH EARLY $ETH INVESTORS pic.twitter.com/Yt439nUVrL
— The Wolf Of All Streets (@scottmelker) October 17, 2025
Li, who based Huobi in 2013, turned it into one of many world’s prime exchanges earlier than promoting it to entrepreneur Justin Solar after China’s crypto ban in 2021.
He later established Avenir Capital, a Hong Kong-based funding agency that has grow to be certainly one of Asia’s largest holders of Bitcoin ETFs, with over $1 billion in property below administration.
The companions, Shen, Xiao, and Cai, are a part of the primary wave of Chinese language crypto entrepreneurs who started investing in Ethereum shortly after its 2015 launch.
Shen’s Fenbushi Capital backed a number of early blockchain initiatives; 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-Greenback Part’ as Establishments Flock to High quality
On the Digital Property Summit (DAS) 2025 in London, prime business figures, together with Consensys CEO Joseph Lubin and SharpLink Co-CEO Joseph Chalom, mentioned Ethereum’s rising function as the inspiration 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.
Audio system 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 property.
Lubin famous that Ethereum’s evolution towards scalability and compliance is drawing renewed institutional confidence.
Chalom, a former BlackRock government, 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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