Lion Group has announced the launch of a new initiative aimed at building a digital treasury focused on assets including Hyperliquid, Solana, and Sui.
Strategy and Goals of Treasury
Lion Group plans to accumulate HYPE as its primary reserve asset for the treasury. Under the leadership of CEO Wilson Wang, the company emphasizes the importance of HYPE for its expansion into decentralized financial markets.
"Hyperliquid is a natural expansion of our existing derivatives business into decentralized markets," said Wang.
Role of BitGo in Asset Custody
Custodial responsibilities will be undertaken by BitGo Trust. CEO Mike Belshe noted that this decision reflects the growing interest of institutional investors in new blockchain ecosystems.
Investment Appeal of DeFi
The launch of the treasury featuring assets like HYPE, Solana, and Sui signals a deeper commitment from Lion Group to building in decentralized markets. These assets are recognized as vital for creating a robust treasury framework supporting their DeFi ambitions.
Lion Group is poised to enter a new phase, concentrating its efforts on developing decentralized financial instruments and expanding its digital asset portfolio.
