Lion Group Holding Ltd. has raised $600 million from investment firm ATW Partners to fuel a major shift into decentralized finance.
The Nasdaq-listed company plans to allocate the capital toward building a crypto treasury anchored by Hyperliquid (HYPE), a rising DeFi protocol known for decentralized sequencing.
Under its new Treasury Initiative, Lion Group aims to make HYPE its core reserve asset while also holding and staking major layer-1 tokens like Solana (SOL) and Sui (SUI), with BitGo Trust overseeing custody and staking operations.
CEO Wilson Wang described the move as a natural extension of Lion Group’s derivatives business into decentralized markets, calling Hyperliquid a cornerstone of scalable DeFi infrastructure. He also highlighted Solana’s user-first ecosystem and Sui’s modular design as strategic advantages.
In a bid to boost global visibility, the company is exploring a potential secondary public offering in Asia, with both the Tokyo Stock Exchange and Singapore Exchange under consideration.
BitGo CEO Mike Belshe, whose firm will manage the assets, said the partnership reflects growing institutional confidence in next-gen blockchain platforms.
Cardano startup Iagon has recruited Ford Motor Company to help shape a decentralized cloud prototype aimed at corporate document management.
In a move to strengthen its position in the regional fintech race, Malaysia has unveiled a new digital sandbox aimed at nurturing innovation in blockchain and digital finance.
Binance has confirmed it will facilitate the upcoming upgrade of the THORChain (RUNE) network, aiming to ensure a seamless transition for users during the blockchain’s scheduled improvements.
JPMorgan Chase has filed a new trademark application for “JPMD,” signaling its intent to expand deeper into blockchain-based financial services.