Huobi Li Lin is back? His family office established a US$500 million quantitative fund of funds Avenir Crypto

According to a report by "Deep Wave TechFlow", Avenir Capital, the family office of Huobi founder Li Lin, will establish Avenir Crypto, a quantitative fund-of-funds fund focusing on cryptocurrencies in Roppongi, Tokyo. A briefing taken by the report reads:

"Avenir Crypto will leverage financial support, forward-looking insights, deep data and our global network to work closely with leading innovators to explore the unlimited potential of financial innovation and promote the development of quantitative trading of crypto assets."

• Avenir Crypto's first fund size is US$500 million, and will invest 200 million USDT, 3,000 Bitcoins and 50,000 ETH. The trading venue is Binance, and API keys and SDKs are used for transactions.
• There are three types of investment methods: 100% investment, joint investment by both parties, and managerial management.
• Currently, Avenir Crypto has more than a dozen open positions in Tokyo.

What is Avenir Capital?

Avenir Capital is a family office focused on asset management and wealth growth. Founded in 2023 and headquartered in Hong Kong, Avenir Capital provides diversified investment solutions to clients around the world.
With professionalism and strong risk management capabilities, Avenir Capital invests in global stock markets and web3.0 markets to maintain competitive returns. Currently has compliance licenses in major jurisdictions. Avenir Capital aims to help more people experience financial health in this new era. Avenir Capital empowers web3.0 finance.

Huobi Li Lin became the full owner of Avenir Capital through share transfer

Xinhuo Technology Holdings (01611) announced that non-executive director Li Lin transferred 125,021,261 ordinary shares in the company to Avenir Cayman Holding Limited (116,582,987 shares transferred through Avenir Capital Inc. and 8,438,274 shares transferred through Everlasting Capital Limited, a total of 125,021,261 shares of the company’s common shares were transferred to Avenir Cayman Holding Limited). Approximately 26.83% of the issued share capital). Avenir Capital Inc. and Everlasting Capital Limited are both wholly owned by Li Lin.

Related reading: Telegram founder was arrested, Binance may face new legal proceedings, will Justin Sun follow the old path of Huobi Li Lin?

Why has Tokyo become the place of choice for most currency circle tycoons?

Unlike many countries in the world, Japan has a completely tolerant and open attitude towards Bitcoin. Japan has currently issued a batch of digital currency trading licenses. This official tolerant attitude is probably at the forefront of the world. At the same time, the Japanese yen’s share of Bitcoin transactions has remained high.
There may be the following reasons why this encryption phenomenon occurs in Japan:

• The founder of Bitcoin is named Satoshi Nakamoto, a Japanese-American. Baidu Encyclopedia shows that Satoshi Nakamoto was born in Japan in July 1949 and later moved to the United States. The details are currently unknown. Such a piece of information is enough to deeply win the trust of the Japanese people. After all, our own people have created such a popular thing around the world, and their rejection seems to be much less radical than others.
• Japan leads the world in the acceptance and use of digital currencies. If you look back at the trading situation in the past few years, you will find that the world's earliest and most influential exchange is also called Mt. Gox (translated as Mentougou) in Japan and was established in July 2010. Before it was hacked, it had occupied more than 80% of the world's transaction share for a long time.