Li Lin, Founder of Huobi, Launches $1 Billion Ethereum Trust with Top Crypto Backers in Asia
A significant development in the world of cryptocurrency is the creation of a $1 billion Ethereum trust by Li Lin, the founder of Huobi. This trust, a joint effort with top Asian crypto investors, is designed to bolster institutional exposure to Ethereum by accumulating ETH within a regulated Nasdaq-listed structure.
The launch of this billion-dollar Ethereum trust indicates growing confidence in the long-term viability of Ethereum as a foundational element of decentralized finance and tokenized economies. Li Lin, known for his previous success with Huobi, is now at the helm of this new venture through his investment firm, Avenir Capital.
The trust has already garnered an impressive $1 billion in commitments from prominent investors, including $500 million from HongShan Capital Group, $200 million from Avenir Capital, and contributions from key figures in the crypto space, such as Shen Bo, Xiao Feng, and Cai Wensheng. These investors have come together to establish a transparent and compliant vehicle for investors looking to gain exposure to Ethereum in a regulated environment.
The team behind this initiative represents a powerhouse of blockchain pioneers in Asia, with Shen Bo’s early investments in Ethereum through Fenbushi Capital, Xiao Feng’s work on regulatory policies in Hong Kong, and Cai Wensheng’s strategic acquisitions of Bitcoin and Ethereum through Meitu Inc. Their collective expertise and financial influence position them as key players in the emerging Ethereum trust.
Institutional interest in Ethereum is on the rise, with market analysts pointing to a shift towards Ethereum as the settlement layer for institutional finance. This move comes at a time when Ethereum is gaining momentum, with expectations for the approval of spot Ether ETFs in major jurisdictions. The team led by Li Lin is well-positioned to capitalize on this momentum and offer controlled investors a gateway to Ethereum exposure.
Recent events, such as Ethereum’s stable staking yields and the filing of Ether ETF approvals by major institutions like BlackRock and Fidelity, underscore the growing interest in Ethereum as a core component of the digital asset landscape. With HashKey and OSL obtaining licenses to offer spot crypto trading in Asia, Ethereum’s role as a preferred network for asset tokenization and on-chain finance is becoming increasingly evident.
As Ethereum assumes a central role in the tokenization of assets and the expansion of decentralized finance, the launch of this billion-dollar trust by Li Lin’s Avenir Capital marks a significant step towards institutionalizing Ethereum investments. With the backing of top Asian investors and a Nasdaq-listed structure, the trust is poised to facilitate greater institutional exposure to Ethereum and drive further growth in the tokenized asset space.
