A new team has been formed to launch institutional products and services by the US-based crypto exchange Huobi, Hbus.
Katelyn Mew is leading the company’s new team, currently heading Hbus’ sales and marketing department as he previously worked at a global investment company BlackRock VP. Oren Blonstein is the other director, Houbi’s vice president of technology, formerly of Tora Trading Services and Caspian.
Due to the growing demand, Hbus’ decided to focus on institutional clients. Such customers need a secure and trusted marketplace to use crypto services says Mew.
CEO of Hbus, Frank Fu believes that this industry has in fact benefitted from this long bear market, as those projects which survived are the winners. He also thinks there will be more involvement from banks and tech giants such as IBM, and also from traditional hedge fund managers as more regulations are solidified
Fu is now searching for more members for the group, which will directly interact with ‘’top investors,’’. The members must have a strong background in financial services says The CEO.
Hbus is interested in issuing a stablecoin and is exploring several potential services designed especially for institutional investors, O-T-C (over the counter) trading is in the list.