$HYPE Token Gets $600M Corporate Treasury Backing From Nasdaq Firm
Lion Group Holding has secured a $600 million facility from ATW Partners to build a #Hyperliquid-focused crypto treasury.
The Nasdaq-listed Singapore trading platform will deploy $10.6 million by Friday as part of its blockchain expansion.
$HYPE serves as the primary reserve asset alongside
$SOL and
$SUI tokens in the layer-1 treasury strategy.
CEO Wilson Wang called Hyperliquid "a natural extension" of the firm's existing derivatives business into #DeFi markets.
Lion Group's stock price surged nearly 20% to $3.33 following the crypto treasury announcement.
Eyenovia, another Nasdaq-listed firm, announced its own #Hyperliquid reserve on the same day.
ATW Partners previously backed Interactive Strength's $500 million AI token treasury focused on
$FET tokens.
