Lion Group Holding Ltd. (Nasdaq: LGHL) has announced a major strategic shift into decentralized finance (DeFi) with $600 million in funding from ATW Partners.
The capital will fuel LGHL’s newly unveiled Treasury Initiative, which centers on building a digital asset reserve anchored by Hyperliquid (HYPE), a decentralized derivatives protocol.
As part of this initiative, LGHL plans to accumulate HYPE as its primary reserve asset, while also including Solana (SOL) and Sui (SUI) in the portfolio. These assets will be held and staked by BitGo Trust Company Inc., ensuring institutional-grade security and yield infrastructure.
“Hyperliquid is a natural expansion of LGHL’s existing derivatives business into decentralized markets,” said CEO Wilson Wang, adding that decentralized sequencing protocols like HYPE are “foundational building blocks” for scalable DeFi.
Alongside HYPE, LGHL will add Solana and Sui to its reserve treasury. Wang praised Solana for leading the space in user-centric applications and Sui for its modular, high-performance design. Notably, Sui recently received backing from Eric Trump-supported World Liberty Financial, adding to its institutional credibility.
The custodial responsibilities will fall to BitGo, with CEO Mike Belshe noting that the move reflects growing institutional interest in next-gen blockchain ecosystems.
“This $600 million funding is a clear indication that institutional investors are turning to next-generation blockchain ecosystems,” said Belshe.
The announcement marks a significant pivot for Lion Group, signaling a deeper commitment to building in decentralized markets. By aligning with HYPE, Solana, and Sui, the firm aims to create a robust onchain treasury foundation to support its DeFi ambitions.
