Lion Group Holding Ltd. (LGHL), a Nasdaq-listed company, announced it has secured $600 million in funding from ATW Partners to support a new decentralized finance (DeFi)-focused strategy. The primary goal is to create a substantial treasury initiative centered on accumulating Hyperliquid (HYPE) as LGHL's main reserve asset.
In addition to HYPE, LGHL plans to include leading next-generation layer-1 blockchain tokens Solana (SOL) and Sui (SUI) within its treasury reserves. These assets will be custody-managed and staked through BitGo Trust Company Inc., offering institutional-grade custody and staking solutions.
LGHL’s CEO Wilson Wang emphasized that Hyperliquid represents an extension of their derivatives business into decentralized markets, viewing protocols like HYPE—with decentralized sequencing—as fundamental to scalable DeFi systems. The company also plans secondary public listings on the Tokyo Stock Exchange and Singapore Exchange to broaden global investor access.
Hyperliquid continues to attract institutional interest, as reflected by similar treasury initiatives from other Nasdaq-listed firms like Eyenovia. Solana, with a market cap exceeding $76 billion, and Sui, backed by notable investors such as Eric Trump’s World Liberty Financial, are positioned as strategic components within LGHL’s treasury strategy.
The $600 million funding underscores growing institutional engagement with next-generation blockchain ecosystems, highlighting an expanding trend of publicly-listed companies creating sizeable treasuries in altcoins beyond Bitcoin. LGHL’s move aims to establish the world’s largest Hyperliquid treasury and integrate layer-1 tokens that focus on execution-first protocols and consumer-centric applications.