Li Lin, the charismatic founder of the Huobi cryptocurrency exchange, is returning to the crypto ecosystem. Lin is positioning himself at the helm of a new Ether treasury firm valued at $1 billion. The news was initially reported today, October 17, by the financial service Bloomberg. This initiative marks a large-scale strategic move. It seeks to redefine investments in emerging technology in the Asian continent.
The new entity will operate under the name New Huo Technology. Its primary function will be to manage this substantial capital fund. This fund is composed mainly of Ether (ETH), according to reports. The clear objective is to inject strategic capital into Web3 projects. It will also focus on decentralized finance (DeFi) platforms currently in their early stages. The backing for this initiative is notable. It comes from prominent and pioneering figures in the Asian crypto sector. Confirmed backers include Justin Sun, founder of Tron, and Jihan Wu of Bitdeer Technologies.
This move marks a significant milestone for the Asian market. Li Lin had maintained a low profile since 2022. That year, he sold his majority stake in Huobi (now HTX). His return with a fund of this magnitude underscores the deep confidence in Ethereum’s future. It also demonstrates the considerable liquidity still held by the industry’s original “pioneers.” The creation of New Huo Technology validates the maturity of DeFi infrastructure. It sets the stage for a new wave of innovation.
Will This Fund Change the Web3 Investment Landscape in Asia?
The creation of this treasury could intensify regional competition. There will be a greater fight for talent and for the most innovative projects. A strong revitalization of investment activity is expected throughout the Asian region. For the market in general, this represents a new source of institutional capital. This capital will focus specifically on the Ethereum blockchain and its multiple applications. The active management of $1B in ETH could also have side effects. Specifically on the staking dynamics and the liquidity of the asset (ETH) itself in the markets.
Conclusion and Future Outlook
New Huo Technology is not just another fund. It positions itself as a key player in financing the next generation of Web3. Market observers will be watching very closely for the first investments the firm announces. The veteran leadership of Li Lin, combined with the substantial capital raised, suggests a new cycle of development and innovation that will be decidedly driven from Asia. The final success will depend on the quality and viability of the projects they choose to select.
