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 outstanding Asian crypto buyers have raised $1 billion to launch an Ether-focused digital asset belief.
- The belief consists of main backers resembling 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 considered one of China’s most outstanding crypto buyers, Bloomberg reported, citing individuals conversant in 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 keeping with the individuals, who requested to not be recognized as a result of discussions stay personal.
An official announcement is anticipated inside 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 high 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 change into considered one of Asia’s largest holders of Bitcoin ETFs, with over $1 billion in property underneath 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 Section’ as Establishments Flock to High quality
On the Digital Belongings Summit (DAS) 2025 in London, high trade figures, together with Consensys CEO Joseph Lubin and SharpLink Co-CEO Joseph Chalom, mentioned Ethereum’s rising position 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 worldwide monetary innovation.
Audio system highlighted key catalysts for institutional adoption, together with on-chain fund issuance, interoperability, and improved regulatory readability, that might 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 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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