Li Lin’s Avenir Capital Leads $1B Ether Treasury Vehicle Backed by Asia’s Crypto Investors

Deal Summary

Avenir Capital, led by Huobi founder Li Lin, is building a $1 billion regulated ether accumulation trust with commitments including ~$200M from Avenir and ~$500M from regional institutional players such as HongShan Capital Group; partners include early Ethereum investors tied to Fenbushi, HashKey and Meitu. The group is in talks to acquire a Nasdaq-listed company to structure the vehicle, with an expected formal launch in coming weeks.