Huobi Invests in Security Token Platform OpenFinance Network, Reports Cryptovest

Singapore-based digital currency exchange Huobi has invested in the newly launched security token trading platform, OpenFinance Network (OFN). The announcement from OFN, based in the US, did not disclose the financial details of the investment, but it was characterized as “significant.”

OFN went live at the end of June, driven by increasing interest in crypto assets that extend beyond traditional utility tokens and currencies. Huobi’s investment in this US venture aligns with the industry’s shift towards a more regulated security token market and reflects the growing confidence in its potential.