Top Value and Huobi Launch Blockchain Mining Fund
Top Value, a subsidiary of ChainUp Group, is pleased to announce a partnership with Huobi Technology Holdings Limited (stock code: 1611.HK), a wholly owned subsidiary of Huobi Asset Management (Hong Kong).
Together they will launch an IPFS infrastructure mining fund, a milestone in the development of Web 3.0. This new fund product is currently only available to professional investors.
Top Value Finance is a digital asset management platform with specialized expertise in cryptocurrency funds, Filecoin mining funds, multi-strategy index funds and other financial products.
The IPFS Mining Fund will seek interests in companies engaged in cryptocurrency mining activities and companies that support or facilitate the cryptocurrency mining ecosystem.
This fund focuses solely on the end-to-end industry chain for mining services.
With the rapid growth of AI, big data and 5G applications, the demand for data storage has increased exponentially. For blockchain distributed storage, IPFS is essential in the ecosystem.
To operate, this storage requires a high volume of network nodes and distributed storage space, which encourages users to take advantage of Filecoin token reward mechanisms to store data on the blockchain. ChainUp, a leader in blockchain technical infrastructure development, will provide ecosystem support and advice to the IPFS mining fund.
As a core infrastructure component of Web 3.0, distributed storage, and decentralized cloud computing, Filecoin will reach hundreds of millions of users in the future.
Global internet giants are already venturing into this new territory, which would further increase the popularity and investment value of Filecoin.
Founded in 2019, Huobi Asset Management holds Type 4 and 9 licenses from the Hong Kong Securities and Futures Commission in 2020. They combine digital and traditional financial assets, providing clients with cutting-edge investment products. Jeff Mei, CMO of ChainUp Group, says:
“We are thrilled to partner with a leading fund in the blockchain ecosystem. Our synergistic strengths with Huobi Asset Management will help take this partnership to the next level.”
About the maximum value
Top Value Finance is a digital asset management platform from ChainUp Group and has extensive experience in mining investments and digital asset management.
Its parent company, ChainUp, is a leading blockchain infrastructure technology provider with white-label digital currency exchange product offerings, mining technology and asset management services.
Its senior management team is well versed in financial and technical experience and has abundant resources inherited from the industry.
Currently, the computing power of ChainUp customers has exceeded 1000P, and ChainUp Group continues to be a prominent leader in the IPFS ecosystem.
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 blockchain and virtual asset ecosystems, 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 from the Hong Kong Securities and Futures Commission. Kong, registered as a trust company in Hong Kong with the Trust or Company Service Provider License (Hong Kong) and Retail Trust Company License (Nevada USA).
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