• Lion Group Holding has launched a $600 million treasury strategy focused on Hyperliquid's native token, HYPE.

  • The firm plans to accumulate SOL and SUI as part of a broader Layer-1 treasury strategy, using BitGo for custody and staking.

  • LGHL is exploring secondary listings in Tokyo and Singapore to support growth and expand its presence in Asian markets.

Lion Group Holding Ltd (LGHL), a Nasdaq-listed trading firm, has announced the launch of a $600 million treasury initiative centered on Hyperliquid’s native token, HYPE. This move marks a major shift in LGHL’s crypto direction as it seeks to build what it terms the largest HYPE treasury globally. 

Lion Group, known for its derivatives platform offering total return swaps and OTC options, disclosed the facility on June 18, 2025. The announcement came shortly after a similar strategy was revealed by Eyenovia, another Nasdaq-listed firm.

Treasury Strategy Targets Hyperliquid, Solana, and Sui

Lion Group plans to allocate the newly secured funds toward accumulating HYPE as a primary reserve asset. The company’s broader treasury approach will also include assets from next-generation Layer-1 networks, namely Solana (SOL) and Sui (SUI). CEO Wilson Wang stated that the move aligns with LGHL’s focus on decentralized finance infrastructure, and the company will use BitGo for custody and staking of SOL and SUI.

The company views HYPE’s decentralized sequencing capabilities as essential for on-chain execution and scalable financial infrastructure. It also plans to integrate these assets into its existing derivatives business. The strategy signals an expansion of LGHL’s on-chain operations, with Solana and Sui identified as key assets alongside HYPE.

LGHL Relaunches Crypto Division to Support New Direction

According to its public statement, LGHL is relaunching its crypto operations to support the shift toward decentralized markets. The company stated that this transition reflects its long-term belief in the role of on-chain execution across financial trading. Wilson Wang noted that integrating protocols like HYPE represents a natural evolution for the firm’s trading platform.

The move follows Eyenovia’s announcement on June 17, 2025, about its $50 million investment in a similar Hyperliquid strategy. Both companies appear to be positioning themselves to gain early exposure to Hyperliquid’s expanding ecosystem.

Potential Listings in Asia to Support Treasury Growth

As part of its broader expansion plans, Lion Group is considering secondary listings on the Tokyo Stock Exchange and Singapore Exchange. These listings, if successful, would make LGHL the first publicly listed HYPE treasury firm in Asia. The company says such steps would support liquidity and provide access to a wider investor base.

Tracking the current market ranks of HYPE, SOL, and SUI, CoinMarketCap data displays the current standing with Solana leading the position. HYPE follows closely and SUI takes the next position.

Source: CoinMarketCap (Crypto Ranking)

HYPE currently ranks as the 11th largest digital asset with a market capitalization of $12.9 billion. Solana follows as the sixth-largest cryptocurrency at over $76 billion. Sui holds the 12th position with a market value of $9.4 billion. These assets form the core of LGHL’s treasury roadmap.