Venture capitalist fund and blockchain accelerator LBank Labs has announced the appointment of crypto pioneer and industry veteran Valeria Kholostenko as Principal.

LBank Labs is the venture capitalist arm of LBank, the global exchange with over 9 million users. Labs announced the formation of its fund of around 100 million USDT for investing in blockchain and web3 technology in late 2022.

Valeria Kholostenko said: “We are still developing the presence of LBank in the US, and LBank Labs will catapult that effort to build our brand. We anticipate 2023 is the year to connect with builders to sow the seeds of their ideas that will launch in the next 12 months. Given that we are a distributed team that works across all time zones, my goal is to identify and bring the most promising opportunities happening in the crypto space to LBank Labs.”