Lion Group Holding Ltd. (LGHL), a Nasdaq-listed company, has announced that it has secured $600 million in funding from ATW Partners to support its decentralized finance (DeFi) strategy.
Funding and Goals
The funding will be used to launch the Treasury Initiative, which is focused on Hyperliquid (HYPE). LGHL CEO Wilson Wang stated that Hyperliquid represents a natural expansion of the company's existing derivatives business into decentralized markets.
HYPE Treasury and Assets
The newly created HYPE Treasury aims to strategically accumulate HYPE as LGHL's primary reserve asset. It also plans to include next-generation high-performance layer-1 blockchains such as Solana (SOL) and Sui (SUI), which will be held and staked by BitGo Trust Company Inc.
Plans and Prospects
LGHL aims to be the first entity to list its HYPE treasury venture in Asia and is evaluating secondary public offering options on the Tokyo Stock Exchange (TSE) and Singapore Exchange (SGX) to expand access to a global investor base.
The $600 million funding clearly indicates that institutional investors are turning towards next-generation blockchain ecosystems, as noted by BitGo CEO Mike Belshe.
