Lion Group Launches $600M Crypto Treasury with HYPE Token
The post Lion Group Launches $600M Crypto Treasury with HYPE Token appeared on BitcoinEthereumNews.com. Lion Group launches $600M crypto treasury with HYPE as main asset. Company adds Solana and Sui to next-gen blockchain treasury mix. BitGo to secure assets, enabling safe and compliant crypto custody. Lion Group Holding (LGHL), a Nasdaq-listed company based in Singapore, has announced the creation of a $600 million cryptocurrency treasury reserve. The main asset in this reserve will be the Hyperliquid (HYPE) token. Such a step indicates that the company is highly interested in both using and owning digital assets related not only to Bitcoin but other altcoins as well. Lion Group CEO Sees HYPE and Layer-1 Chains as Future of Trading The company disclosed that they have received the funding of $600 million from ATW Partners. The facility will assist the opening of LGHL HYPE Treasury and allied blockchain initiatives. As stated in the announcement, it will be the relaunch of LGHL crypto operations and a shift to on-chain finance. Under the program, the firm will strategically amass HYPE tokens. It is these that will form the main reserve asset of LGHL. Moreover, Solana (SOL) and Sui (SUI) will be added to the treasury, since they are other successful blockchain environments. The mix will constitute a crypto treasury of the next generation and layer-1-focused. LGHL has collaborated with the largest digital asset custodian, BitGo, to guarantee safety and effectiveness. Additionally, BitGo Trust Company will operate the validators that secure Solana and Sui assets in the treasury. Increasing the returns of the staking activities will also be facilitated by BitGo, though LGHL will also be highly compliant with the regulations. As stated by Mr. Wilson Wang, the CEO of Lion Group Holding, this step is based on the view of the company regarding the future of decentralized trade. According to him, HYPE would fit well with the current work…
The post Lion Group Launches $600M Crypto Treasury with HYPE Token appeared on BitcoinEthereumNews.com.
Lion Group launches $600M crypto treasury with HYPE as main asset. Company adds Solana and Sui to next-gen blockchain treasury mix. BitGo to secure assets, enabling safe and compliant crypto custody. Lion Group Holding (LGHL), a Nasdaq-listed company based in Singapore, has announced the creation of a $600 million cryptocurrency treasury reserve. The main asset in this reserve will be the Hyperliquid (HYPE) token. Such a step indicates that the company is highly interested in both using and owning digital assets related not only to Bitcoin but other altcoins as well. Lion Group CEO Sees HYPE and Layer-1 Chains as Future of Trading The company disclosed that they have received the funding of $600 million from ATW Partners. The facility will assist the opening of LGHL HYPE Treasury and allied blockchain initiatives. As stated in the announcement, it will be the relaunch of LGHL crypto operations and a shift to on-chain finance. Under the program, the firm will strategically amass HYPE tokens. It is these that will form the main reserve asset of LGHL. Moreover, Solana (SOL) and Sui (SUI) will be added to the treasury, since they are other successful blockchain environments. The mix will constitute a crypto treasury of the next generation and layer-1-focused. LGHL has collaborated with the largest digital asset custodian, BitGo, to guarantee safety and effectiveness. Additionally, BitGo Trust Company will operate the validators that secure Solana and Sui assets in the treasury. Increasing the returns of the staking activities will also be facilitated by BitGo, though LGHL will also be highly compliant with the regulations. As stated by Mr. Wilson Wang, the CEO of Lion Group Holding, this step is based on the view of the company regarding the future of decentralized trade. According to him, HYPE would fit well with the current work…
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