Huobi Global welcomes Vincent Lau as new managing director

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Huobi International, one of many largest cryptocurrency exchanges by commerce quantity, has introduced the appointment of blockchain business veteran, Vincent Lau, as the corporate’s new managing director.

Lau beforehand labored as an govt at main crypto exchanges Bitfinex and OKEx, and has labored for world firms exterior of the blockchain sector together with e-commerce market Groupon and advertising agency Iclick Interactive.

With Huobi International, Lau might be tasked with overseeing the agency’s worldwide enlargement, strategic improvement, and localized operations. Huobi hopes to increase in key markets throughout Southeast Asia, the Center East, Africa, and the European Union, in keeping with an announcement.

The brand new managing director will even oversee Huobi’s push into DeFi and can head up abroad improvement for the agency’s sensible contract platform, Huobi ECO Chain, in addition to working to advertise the adoption of its H-tokens.

Huobi’s H-tokens are belongings issued on Ethereum which are “backed by cryptocurrencies from different blockchains,” with Huobi stating the tokens serve “as a bridge between the centralized market and the DeFi market.”

Yesterday, Cointelegrpah reported {that a} subsidiary of the change, Huobi Know-how Holdings, had been accepted by the Hong Kong Securities and Futures Fee to launch a crypto asset administration portfolio. Huobi Asset Administration is now seeking to launch three funds, pending additional regulatory approval.