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Hbus Builds New Team to Introduce Institutional Products

| 28-Th3-2019
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Hbus Builds New Team to Introduce Institutional Products

On March 27, the US partner of Singapore’s cryptocurrency exchange Huobi, Hbus has set up a team to develop institutional products and services, according to growing demands for a secure crypto marketplace.

Following the company, several different options are under consideration, such as crypto-backed loans, over-the-counter (OTC) trading, specially catered to its institutional investors’ need. There could possibly be a stablecoin issued, yet no further information has been disclosed.

The new institutional team is led by powerhouses like Katelyn Mew, a former investment firm BlackRock’s employee and Hbus’ current head of sales and marketing department, and Huobi’s vice president Oren Blonstein, who originally comes from Tora Trading Services and Caspian. The team is also recruiting members with profound expertise in financial services, according to HBus’ CEO Frank Fu.

Frank Fu is positive that as lawmakers legalize more and more crypto-related services, the crypto sector will see increasing adoption from managers of traditional hedge fund, banks and IT giants like IBM.

In mid-February, a report by Grayscale Investment revealed that institutional investors have been actively engaging in the crypto industry, accounting for 66 percent in last year’s fourth-quarter investments, staggeringly 99 percent of whom came from the US

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