RedBlock collaborates with Huobi Group’s enterprise division, Huochain, to accelerate blockchain adoption in China

CHONGQING, CHINA, November 11, 2020 — As a leading company in the Chinese blockchain space, RedBlock was invited to be one of the first companies to set up office in the Huochain Digital Economy Industrial Innovation Center and recently attended the signing ceremony in Chongqing, China. Huochain is the enterprise division of Huobi Group, a global leader in blockchain technology. Huochain’s mission is to accelerate the enterprise blockchain adoption via integrations with local governments and empowering the real economy.

This event was hosted by the Chongqing Administration of Big Data Application Development, the Chongqing Municipal People’s Government of Yubei District together with Huochain Technology, among others, and saw RedBlock sign a strategic collaboration agreement with Huochain Technology. Mr. Zhou Yifan (Jeremy Zhou), founder of RedBlock, delivered a keynote speech “The Era of Asset Digitization” at the conference.

This invitation to set up office in the Huochain Innovation Center as well as the strategic collaboration is an affirmation of RedBlock’s track record in both blockchain technology and associated investments. It also strongly aligns with RedBlock’s mission to work with Chinese enterprises and local governments in accelerating blockchain adoption. As part of this collaboration, RedBlock will have access to Huobi’s network of technology and investment partners and both parties will work together to rollout asset digitization use cases for enterprise.

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Mr. Zhou Yifan, founder of RedBlock, delivered an important speech at the conference

During the past few years, the Chinese central government and local governments have focused on establishing a digital economy. Chongqing, a metropolis in southwestern China and one of the fastest developing cities in China with a population of 31 million, has focused on building a “smart city” to promote integrations of the digital economy and real economy.

In June this year, the Chongqing Municipal Government and Huochain Technology signed a cooperation agreement to jointly build a digital economic industry innovation center as well as to promote further innovation in the local blockchain industry.

Huochain Digital Economy Industrial Innovation Center

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Group photo of the guests

ABOUT REDBLOCK

RedBlock is a digital investments and fintech firm leveraging blockchain technology for asset digitization and management. It has a global network of assets and capital partners, particularly in the Asia Pacific, North America, Australia and Africa. RedBlock offers investment advisory services and manages principal investment funds to support companies in its ecosystem that align with its investment thesis. With a growing track record and pipeline, the RedBlock team hails from top-tier global investment banks, venture capital firms and blockchain technology companies.

ABOUT HUOCHAIN TECHNOLOGY

As the enterprise division of Huobi Group in China, Huochain Technology has received strong support from local governments with a range of initiatives under its umbrella, including the Chongqing Innovation Center, an R&D institute as well as Huochain University. Huobi Group is a global leader in digital assets with one of the largest digital asset exchanges in the world, providing digital asset management services to millions of users in more than 130 countries.

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