Lion Group Raises $600 Million... Launching Digital Fund Business Based on Hyperliquid (HYPE)
Summary
- Lion Group announced that it has raised $600 million from ATW Partners to actively promote its Hyperliquid (HYPE) treasury and on-chain business.
- The company stated that with this investment, HYPE will be accumulated as a core holding, and it will launch a next-generation Layer 1 fund based on Hyperliquid, Solana, and Sui.
- These assets are planned to be entrusted to validators managed by BitGo for custody and staking.
Lion Group has secured $600 million (USD) from ATW Partners and is moving forward in earnest with its Hyperliquid (HYPE) treasury and on-chain business initiatives.
According to Investing.com on the 19th (local time), the company plans to accumulate HYPE as a core holding through this fundraising. It also announced the launch of a next-generation Layer 1 fund based on Hyperliquid, Solana (SOL), and Sui (SUI). The company stated that these assets will be entrusted to validators managed by BitGo for custody and staking.
Wilson Wang, CEO of Lion Group, said, "Promoting the Hyperliquid treasury is intended to expand our existing derivatives business into the decentralized market," adding, "We believe protocols with decentralized sequencing structures like HYPE can form the foundation of scalable DeFi systems."
Meanwhile, as of 11:55 AM on this day, HYPE is trading at $38.39 on CoinMarketCap, down 4.65% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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