Huobi Group on Thursday officially launched its cloud business arm,Huobi Cloud , that will allow users to build their own digital currency exchanges quickly on top of HuobI’s existing platform.

Huobi is currently the world’s third largest cryptocurrency exchange on the basis of 24h trade volume. The company said more than 10 multinational companies, such as Dbank Group and JIFU Investment (Holdings) Group, have become the initial partners for Huobi’s cloud venture.

Huobi Cloud seeks to provide a one-stop solution for digital asset exchange, including exchange solution, OTC solution, operational solution and ecological solution.It aims to establish OTC markets and digital asset trading platforms, and to help partners use the order integration and  crypto wallet system. In addition, Huobi Cloud platform will also offer partners asset management and clearing system services.

“In this era of significant and strong adoption of blockchain technologies, Huobi is looking to share its expertise and experience with the entire blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.” Huobi Group Chairman Leon Li said of the new platform.

Specifically, the exchange solution will support a user system that help partners meet the know your customer (KYC) compliance requirements across the world,a wallet system that supports hot and cold wallet separation ,as well as a risk-trigger mechanism to ensure asset security.

The OTC solution supports the trading of various fiat currencies such as RMB, USD,HKD and mainstream cryptocurrencies such as BTC, ETH and USDT;

The operational solution focuses on offering partners partners training on the use of front and back-end products of the exchange. Partners will receive support from the top crypto exchange in terms of data, risk control, token dividends,etc.

Besides, the ecological solution will create a global eco fund that focuses on the development of the global blockchain industry, helping partners to establish a mature blockchain ecosystem.

In June, Huobi also announced the launch of its new public blockchain, the Huboi Chain Project (HCP).