Lion Group Holding Ltd. (Nasdaq: LGHL) has secured a $600 million facility to launch what it envisions as the world’s largest Hyperliquid (HYPE) treasury.
The funding, provided by ATW Partners, marks a pivotal strategic shift for the Singapore-based trading platform and underscores the growing momentum behind altcoin treasuries in the corporate sector.
The new treasury strategy will see HYPE, the native token of the Hyperliquid decentralized derivatives protocol, serve as its primary reserve asset. The initiative also includes significant allocations to Solana (SOL) and Sui (SUI). The two layer-1 blockchains have garnered institutional backing and are recognized for their high performance and consumer-facing applications. The company will custody and stake its SOL and SUI holdings with BitGo Trust Company. This will ensure institutional-grade security and yield generation.
Supporting On-Chain Activities
The $600 million facility will fund the accumulation of HYPE and support Lion Group’s broader on-chain finance initiatives. The company’s plan is to deploy $10.6 million of the capital by June 20. The remainder will fuel ongoing treasury development and expansion. This move comes as other Nasdaq-listed firms, such as Eyenovia, also announce Hyperliquid reserves, highlighting a trend of corporate treasuries diversifying into decentralized assets.
Institutional Drive For Emerging Digital Assets
The decision to anchor the treasury with HYPE, SOL, and SUI is underpinned by recent institutional developments. Sui, for example, has been included in World Liberty Financial’s “Macro Strategy” token reserve, and Solana continues to dominate in consumer-facing crypto applications. BitGo’s involvement as custodian further enhances the security and credibility of Lion Group’s digital asset holdings.
Lion Group is also evaluating secondary listings on the Tokyo Stock Exchange and Singapore Exchange, aiming to become the first HYPE treasury firm publicly listed in Asia. Such a move would broaden the company’s global reach and set a precedent for other corporations considering similar treasury strategies.
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