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Huobi, One of World’s Largest Crypto Exchanges, Invests in OpenFinance Network

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OpenFinance Network announces strategic investment by global crypto
exchange, Huobi, into its US-compliant security token trading platform.
Huobi, One of World’s Largest Crypto Exchanges, Invests in OpenFinance Network

CHICAGO (BUSINESS WIRE) #DigitalSecurities ― Huobi ,

one of the largest crypto exchanges in the world, has entered into a

strategic partnership, including a significant investment, with

OpenFinance

(OFN), the premier US-compliant security token trading

platform. The partnership will provide both parties exposure to new

markets and allow for collaboration across multiple aspects of token

trading.

As interest in crypto expands beyond utility tokens and currencies,

security tokens continue to gain appeal. Huobi’s strategic investment in

OFN, whose platform launched earlier this summer, is indicative of the

momentum toward a more regulated security token market and growing

confidence in the US market in particular.

OFN has made a name for itself as the leading platform for trading

US-compliant security tokens, while Huobi has become one of the world’s

largest exchanges, boasting a global share of 50% at one point and

accumulative turnover exceeding $1 trillion.

“We believe that security tokens are the future of finance, and that

Huobi’s investment in our trading platform is reflective of the rising

interest around the globe in this emerging financial ecosystem,” said

Juan M. Hernandez, CEO of OpenFinance Network.

Will Wang, Huobi’s Head of Business Development and Investment for North

America, echoed Hernandez’s sentiment, “Huobi Eco has always been

committed to providing support and solutions for Huobi to operate within

the compliant requirements of every country in which we do business.

This is even more important as our market matures. We are looking

forward to collaborating with OpenFinance and applying blockchain

technology to revolutionize the financial technology market.”

Huobi, seeking to enter the US market, opened their HBUS unit in June.

The investment and partnership with OFN better solidifies their

competitive position in the US.

Learn more about OpenFinance Network, register today on their website,

and join their community and social channels:

Website: https://www.openfinance.io/

Medium:

https://medium.com/@openfinance

Twitter:

https://twitter.com/openfinanceio

Telegram:

https://t.me/openfinancenetwork

About OpenFinance Network

OpenFinance

is a trading and settlement platform for the security token

industry. The platform serves as a conduit between issuers, investors,

and industry stakeholders, offering streamlined access to liquidity and

asset transfer efficiencies. The team has over fifty years of combined

experience in financial markets, exchange technology, and finance law.

Securities offered through Sageworks Capital, LLC, an affiliated entity,

a registered broker-dealer and a member of FINRA & SIPC.

About Huobi

Huobi Group is the Leading Global Blockchain Asset Financial Service

Provider. They have offered quality service for over millions of users

from over 130 countries. Their independent service centers are located

in many countries including Singapore, Korea, Hong Kong (China) and

China Mainland. In terms of technology platform, product branch line,

security risk management system, operation and customer service, Huobi

Group and its sub-brands are at a world-leading level compared with

global peers.

Contacts

For OpenFinance Network

Jesse Lucas

Jesse@melrosepr.com

(310)

260-7901


Huobi, One of World’s Largest Crypto Exchanges, Invests in OpenFinance Network
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