NASDAQ LISTED LION GROUP ANNOUNCES $600M HYPE-BACLKED TREASURY

- Lion Group Holding (LGHL), a Nasdaq-listed firm, has secured a $600 million facility from ATW Partners.

- The funds will back what LGHL calls the world’s largest $HYPE Treasury, centered on Hyperliquid, Solana, and Sui.

- LGHL plans to make HYPE its primary reserve asset, supporting the move with allocations to other next-gen Layer 1s.

- CEO Wilson Wang says the firm is betting big on execution-first protocols like Hyperliquid, calling decentralized sequencing the future of trading.

- All $SOL and $SUI assets will be custodied and staked by BitGo Trust, which leads in staking and custody services.

- The first $10.6M closing is expected within 48 hours. Chardan served as the sole placement agent for the deal.

- Lion Group is also eyeing secondary listings on the Tokyo Stock Exchange and Singapore Exchange, which could make it the first HYPE Treasury listed in Asia.

“This $600 million facility reflects a clear signal that institutional investors are accelerating their diversification into next-generation blockchain ecosystems,” said Mike Belshe, CEO of BitGo.

Image: Hyperliquid X platform