Lion Group announces $600M facility to launch HYPE Treasury

Lion Group (LGHL) Holding announced it has secured a $600M facility from ATW Partners to support the launch of its HYPE Treasury and on-chain initiative. “Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets, and reflects our conviction that decentralized on-chain execution is the future of trading,” said Mr. Wilson Wang, CEO of LGHL. “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems. We may also allocate to Solana, a leader in consumer-facing applications, and Sui, a performant, composable layer-1 with recent backing from Eric Trump’s World Liberty Financial – both forming key pillars to our treasury strategy focused on execution-first protocols.” The first closing of $10.6M in subscription amount is expected to occur in the next 48 hours. Chardan acted as the sole placement agent in connection with the facility.