Lion Group has secured $600 million to launch a DeFi Treasury Initiative anchored by Hyperliquid.
The initiative will focus on building a digital asset reserve with HYPE as the primary reserve asset, along with Solana and Sui.
BitGo Trust Company Inc. will hold and stake these assets for security and yield infrastructure.
CEO Wilson Wang sees Hyperliquid as an expansion of LGHL's derivatives business into decentralized markets.
Solana and Sui will also be added to LGHL's reserve treasury, bringing user-centric applications and high-performance design.
BitGo will be responsible for the custody and staking of the reserve assets, reflecting institutional interest in blockchain ecosystems.
The funding signals growing institutional interest in next-gen blockchain ecosystems.
The pivot towards decentralized markets shows Lion Group's commitment to DeFi, aiming to establish a strong onchain treasury foundation with HYPE, Solana, and Sui.