Lion Group Holding Ltd. (LGHL), a Nasdaq-listed company, has announced receiving $600 million from ATW Partners to launch a treasury strategy focused on Hyperliquid (HYPE).
Funding from ATW Partners
LGHL plans to utilize these funds to purchase a significant amount of HYPE and build what it hopes will be the largest treasury in the world. The first part of the funding totals $10.6 million and is expected to be completed within two days.
Company Plans and Management Comments
LGHL's CEO Wilson Wang stated, "Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets. We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems."
Expansion into Asian Markets and Other Initiatives
LGHL also plans to list its stock in Asia, potentially in Tokyo and Singapore. This would be the first public company in Asia with a HYPE-focused treasury. Additionally, the company will be investing in strategic holdings in Solana (SOL) and Sui (SUI), working with BitGo for the custody and staking of those assets.
Lion Group Holding aims to strengthen its position in the DeFi market by expanding its treasury and entering new markets, which could influence future investments in digital assets.
