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.
Germany’s state-owned development bank NRW.BANK has issued a €100 million ($116.7 million) blockchain-based bond, marking one of the largest public-sector entries into digital securities in Europe.
New data highlights a dramatic lead for Solana in blockchain activity for June 2025. According to the figures, Solana processed a staggering 2.98 billion transactions, far outpacing all other chains in the ecosystem.
According to new insights from market intelligence platform Santiment, development activity in the crypto sector’s AI and Big Data segment remains strong, with several major projects showing notable GitHub activity over the past 30 days.
The XRP Ledger (XRPL) has officially launched its Ethereum Virtual Machine (EVM) sidechain on mainnet — marking a major milestone in its effort to bridge XRP’s payment efficiency with Ethereum’s smart contract capabilities.