Assets under custody of Huobi Trust soar to nearly $4 billion

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HONG KONG, January 26, 2022 /PRNewswire/ — In the fourth quarter of 2021, Huobi Trust, a wholly owned subsidiary of Huobi Technology Holdings Limited (“Huobi Technology“, stock code: 1611. HK), approached $4 billion custody of assets.

Since launching its business in 2021, Huobi Trust’s asset custody scale has steadily climbed. This reflects not only the huge market demand for safe and reliable independent custody services, but also the high recognition of Huobi Trust by a wide range of investors. At present, Huobi Trust provides diversified custody services to nearly 20 institutional clients, including coiners, investment institutions, quantitative funds, market makers and other types of industry clients.

Huobi Trust, a subsidiary of Huobi Tech, has a Trust or Corporate Service Provider (TCSP) license in hong kong and a US Nevada Retail Trust Company license. It provides compliant virtual asset custody services to customers who require secure custody of assets or need to isolate risks.

“We are delighted to see that the demand for our custody business is growing so quickly,” says jenny lau, boss of hong kong, Huobi Trust. “Our business strategy can be categorized into four dimensions: license, technology, product features and service experience.”

Huobi Trust plans to apply for different international licenses and certifications, striving to become the compliant gateway for more institutions. The company will also enhance its security capabilities, such as improving underlying wallets, to ensure the standards can meet the needs of institutional clients.

To diversify and strengthen product functions, Huobi Trust will continue to consolidate basic custody functions, improve wallet capabilities, support personalized accounts, provide personalized risk control measures, etc. Huobi Trust will offer value-added functions, such as exchange asset custody and DeFi-related products. The company aims to provide industry-leading diverse and compliant virtual asset-compliant trust services and strives to advance industry-leading projects and developments.

To improve its services, Huobi Trust sets up a 1v1 customer service team exclusively for institutional customers. By providing 24/7 personalized services, the company can solve problems for different customers anytime, anywhere.”

About Huobi Tech Holdings Limited

Huobi Technology Holdings Limited (“Huobi Tech”, stock code: 1611.HK) was listed on the Main Board of the Stock Exchange of Hong Kong Limited in November 2016. Actively developing the blockchain ecosystem and virtual asset ecosystem, Huobi Tech is committed to becoming the leading one-stop compliant virtual asset service platform. Huobi Tech currently offers data center services, cloud-based services, SaaS, virtual asset management, custody, trust and custody, OTC brokerage, loans, trading platform and other related services.

At the same time, Huobi Tech is applying for virtual asset licensing and financing in major markets around the world. So far, Huobi Tech’s subsidiaries have successfully obtained authorization to conduct Type 4 (securities advisory) and Type 9 (asset management) regulated activities by the Securities and Futures Commission of hong kong, registered as a trust company in hong kong with the Trust or Corporate Service Provider License (hong kong) and Retail Trust Company License (Nevada United States).

SOURCE Huobi Technology

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