Lion Group Secures $600 Million for HYPE Treasury Launch

Lion Group Holding Ltd, a Nasdaq-listed firm offering a trading platform for a suite of products that includes total return swaps, contract-for-difference, and over-the-counter stock options, has announced a significant strategic move. The company has secured a $600 million facility from ATW Partners to support the launch of its HYPE Treasury, a decentralized finance (DeFi) initiative focused on Hyperliquid (HYPE).

This announcement comes just a day after Eyenovia, a U.S.-based ophthalmic technology firm, revealed plans to deploy $50 million into a Hyperliquid (HYPE) treasury initiative. Both companies have expressed ambitions to build substantial treasuries, highlighting the growing institutional interest in the native token of Hyperliquid, a decentralized finance-focused blockchain and platform.

Lion Group Holding's objective is to build the largest Hyperliquid treasury in the world. The company's CEO, Wilson Wang, stated that Hyperliquid represents a natural extension of the company's existing derivatives business into decentralized markets. He emphasized that protocols like HYPE, with decentralized sequencing, are foundational to building scalable DeFi systems. The company is also considering secondary listings on the Tokyo Stock Exchange and Singapore Exchange, which would make it the first HYPE treasury firm publicly listed in Asia.

In addition to its HYPE Treasury initiative, Lion Group Holding has plans for strategic accumulation of other layer-1 tokens. The company intends to allocate resources to Solana (SOL), a leader in consumer-facing applications, and Sui (SUI), a performant, composable layer-1 with recent backing from World Liberty Financial. These allocations form key pillars of the treasury strategy, which is focused on execution-first protocols. The company will use BitGo to custody and stake its SOL and SUI.

The first closing of $10.6 million in subscription amount is expected to occur within the next 48 hours. Chardan acted as the sole placement agent in connection with the facility. This strategic move by Lion Group Holding underscores its commitment to decentralized finance and its belief in the potential of Hyperliquid and other execution-first protocols to drive the future of trading.