Hu joined Dragonfly Capital, a crypto-focused investment banking firm, in 2019 as a general partner and head of liquid strategy. He previously spent three years as an associate at BlackRock with the Alternative Investment Group. In April, Dragonfly closed its third fund, with $650 million in committed capital to invest in blockchain and crypto companies creating “new digital economies.” The same month, Brevan Howard participated in the $70 million funding round for Bitcoin protocol Lightning Labs.