Huobi Founder Li Lin Set To Launch $1 Billion Ether Accumulator

Li Lin, the founder of crypto exchange Huobi and chairman of investment firm Avenir Capital, is joining forces with some of Asia’s earliest Ethereum backers to launch a new digital-asset trust that will buy Ether tokens, according to people familiar with the matter.

The group includes Shen Bo, a veteran blockchain investor and co-founder of Fenbushi Capital and Xiao Feng, chairman and Chief Executive Officer of HashKey Group, said the people, who were not authorized to speak publicly. The cohort also includes Meitu Inc. founder Cai Wensheng, who is one China’s most prominent cryptocurrency investors, the people added.