Nasdaq-Listed Company Files Application to Create $600 Million Treasury from Surprise Altcoin – Plans for Two Other Altcoins Also in the Works

Nasdaq-listed Lion Group Holding Ltd. (LGHL) announced that it has secured $600 million in funding from ATW Partners to support its new strategy focused on decentralized finance (DeFi). The funding will be used to launch the company’s Treasury Initiative focused on Hyperliquid (HYPE). The newly created HYPE Treasury aims to strategically accumulate HYPE as LGHL’s primary reserve asset. In addition, leading next-generation layer-1 blockchains such as Solana (SOL) and Sui (SUI) are also planned to be included in the treasury reserves. These assets will be held and staked by BitGo Trust Company Inc. “Hyperliquid is a natural expansion of LGHL’s existing derivatives business into decentralized markets. We believe that protocols that offer decentralized sequencing, like HYPE, are the foundational building blocks for building scalable DeFi systems,” said LGHL CEO Wilson Wang in a statement. Related News: Massive Whale Gives Up: Sells Last Remaining Holdings in This Altcoin, Suffers Losses Wang also described Solana as a leader in user-centric applications and Sui as a strategic layer-1 solution with high performance and modularity. Sui recently received investment from Eric Trump-backed World Liberty Financial. The company aims to be the first entity to list its HYPE treasury venture in Asia. In line with this, it announced that it is evaluating secondary public offering options on the Tokyo Stock Exchange (TSE) and Singapore Exchange (SGX). The move aims to expand access to a global investor base. “This $600 million funding is a clear indication that institutional investors are turning to next-generation blockchain ecosystems,” said BitGo CEO Mike Belshe. “We are proud to provide LGHL with institutional-grade custody and staking solutions on networks like Solana and Sui.” *This is not investment advice. Continue Reading: Nasdaq-Listed Company Files Application to Create $600 Million Treasury from Surprise Altcoin – Plans for Two Other Altcoins Also in the Works

Source: BitcoinSistemi