HBUS , the strategic partner of crypto platform Huobi, has announced Jay Ryu as VP of Corporate Development. Prior to joining HBUS, Ryu was Venture Capital Director at Draper Athena, where he led tech investments while working closely with portfolio companies on operational and strategic initiatives. Huobi is the third largest cryptocurrency exchange in the world according to both CoinMarketCap and the Blockchain Transparency Institute.
Frank Fu, CEO of HBUS, commented on the new hire saying Ryu has worked on some of the biggest venture deals in the community, including with crypto advocate Tim Draper.
“He brings with him a unique perspective on investment and business development, and has a keen eye for identifying and developing up-and-coming talent and companies,” said Fu. “As blockchain technology has matured and projects are seeing more traditional VC funding, Jay’s experience will help us identify strategic acquisitions and opportunities.”
Ryu has spent the past seven years as a Director at Draper Athena, a member of the Draper Venture Network, where he drove all phases of fundraising across two of the firm’s early stage VC funds.
Ryu is also founder of Rage Partners, an investment and strategy consulting group representing global family offices and venture minded investors. He has also served as Managing Partner and strategic advisor of Checkmate Capital, a private equity group focused on life sciences and energy technology. Ryu is a Fellow of the Network of Korean American Leaders.
“The community is rapidly maturing and with that, many more institutional investors have entered the market,” said Ryu. “HBUS stands at the forefront of this next wave of blockchain innovation, and I am excited to lead our efforts as we become the top U.S. digital currency exchange with a diverse array of products and solutions for these investors.”
In an environment that is frequently challenged by questionable operations, HBUS notes that it “operates under the highest of ethical standards and is committed to full U.S. legal compliance.”