The $600 million treasury announcement came on the same day Nasdaq-listed ophthalmic technologies firm Eyenovia shared plans for a Hyperliquid token treasury.
Nasdaq-listed Lion Group Holding (LGHL) is establishing a $600 million cryptocurrency treasury reserve, with the Hyperliquid (HYPE) token as its main asset, signaling a growing institutional interest in altcoins beyond Bitcoin.
The Singapore-based trading platform said it secured a $600 million facility from ATW Partners to fund the launch of its Hyperliquid (HYPE) token treasury and other blockchain initiatives. According to the company, $10.6 million of the capital will be deployed by June 20.
The Hyperliquid token will serve as the “primary reserve asset” of the firm’s layer-1 (L1) treasury reserve asset, which will also feature Solana (SOL) and Sui (SUI) tokens.
