Huobi Names Alex Pack Corporate Investment Advisor

Huobi Group, a global Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and cryptocurrency infrastructure provider, announced today that it has named Alex Pack as its Corporate Investment Advisor.

In a press release announced on Friday, Huobi Group has appointed Alex Pack, Co-founder and former managing partner of crypto investment firm Dragonfly Capital, to Corporate Investment Advisor to strengthen its venture investment efforts.

Pack brings a Western perspective and his varied experience as a seasoned crypto investor in the largest crypto companies, such as Polychain, Paradigm and others to the position. His role will be active across all of Huobi’s investment operations where he will work closely with Chief Investment Officer, Sharlyn Wu. These operations range from deal sourcing and due diligence to deal Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and portfolio support. Further, he will improve upon Huobi’s investment thesis and broaden its presence overseas.

Before being named Huobi’s Corporate Investment Advisor, Pack was the Founding Partner of Dragonfly Capital. Located in San Francisco, he led the global venture firm for the crypto economy for two years.

Earlier on, Bain Capital Ventures appointed Pack as Director of Network Investing. From 2016, he led the early-stage technology investor across various sectors. Also, he was involved in founding the Network Investing program to invest in crypto and experimental finance models.

Prior to his time at Bain Capital, Pack served as a Partner for AngelList also in San Franciso but only for a year. Though his time was short, he still launched new BUs at the frontier of early-stage tech investing and was a seed investor in several startups.

Alex Pack Leaves Dragonfly to Join Huobi’s Ranks

The new hire arrives at a critical time for Huobi, which features a broad portfolio of crypto products and offerings, as it increases its efforts for global expansion on multiple fronts. The expansion, with tens of millions of dollars penned for venture investments, marks Huobi's latest push to cultivate its ecosystem beyond Asia and support global blockchain innovation.

Sharlyn Wu, Huobi’s Chief Investment Officer, said: "Alex has one of the sharpest minds in crypto. Not only does he understand the macro impact of DeFi and crypto, he's also able to drill down into the specifics of different projects."

"Sharlyn and I have known each other for years, and I have always regarded her as one of the most long term, visionary crypto thinkers in China. That's why I was excited when I heard that she was joining Huobi, which is one of the most important companies in crypto," said Alex Pack, Huobi's new Corporate Investment Advisor.