HBUS, an American unit of the crypto currency exchange Huobi, has formed a team of developers that will work on products and services focused on institutional clients. It is reported by The Block.

Will lead a team Vice President HBUS sales and marketing Caitlin Mew, which in the past was Vice President of the investment company BlackRock. The developers will work to create lending service token-based platforms for OTC trading and stablon.

“Institutional clients in need of advanced trading platform and the marketplace, are credible. Unfortunately, the current landscape is considerably lagging behind the industry’s traditional financial services, says Mew. — More and more institucionales will add digital assets in their portfolios. Therefore, they need reliable, secure and meet the requirements of regulators partners. Such as Huobi.com”

The head of HBUS Frank Fu expressed the opinion that what happened in the past year, the market decline has benefited the industry, since it could survive the strongest and most useful projects:

“We see a recovery in industry, which involved managing traditional hedge funds, banks, such as JPMorgan, and technology giants like IBM. Institutional investors understand that the regulation is being finalized, and continue to pave the way for mass adoption”

We will remind, the first round of the IEO project TOR Network lasted only 7 seconds. During this time, investors bought 300 million tokens. Later held two additional rounds of primary stock offers.

Soon Huobi said that just in the campaign participated 3 764 user, which in the course of three rounds purchased 1.5 billion tokens TOP. The second round lasted 5 seconds, the third — 7.