[ad_1]
Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate main financing strikes this week to launch cryptocurrency treasury methods centered on Hyperliquid’s HYPE token.
LGHL introduced it has secured a $600 million facility to launch the primary and largest HYPE treasury in Asia. The Singapore-based buying and selling and monetary companies agency additionally revealed intentions to incorporate Solana (SOL) and Sui (SUI) within the reserve as secondary reserve property.
Custody and staking will likely be managed by BitGo Belief Firm.
As a part of its enlargement, LGHL plans to guage secondary listings on the Tokyo Inventory Change and Singapore Change to broaden its attain. CEO Wilson Wang stated the transfer displays the corporate’s conviction that decentralized on-chain execution is the way forward for buying and selling.
Wang stated in an announcement:
“We view protocols like HYPE, with delegated sequencing, as foundational to constructing scalable DeFi programs.”
In the meantime, Eyenovia introduced a $50 million non-public placement to construct a reserve of HYPE, positioning itself as the primary U.S.-listed firm so as to add the crypto to its treasury.
The ophthalmic expertise agency expects the transaction to yield about $150 million if warrants are absolutely exercised. The funding settlement permits Eyenovia to amass over 1 million HYPE and take part as a prime validator for the Hyperliquid community.
Eyenovia CEO Michael Rowe stated:
“We’re happy to affix the rising variety of firms who’ve adopted related methods for diversification, liquidity and long-term capital appreciation potential that cryptocurrency represents.”
The corporate appointed Hyunsu Jung as Chief Funding Officer to supervise the treasury initiative.
Each bulletins come amid broader adoption of main Layer-1 cryptos as treasury reserves by public firms searching for digital asset diversification and yield era.
Eyenovia expects its non-public placement to shut round June 20, pending customary approvals. LGHL didn’t specify a timeline however stated its initiative marks the relaunch of its crypto operations after prior restructuring.
The put up Two public companies announce plans to undertake HYPE as major reserve asset for treasury appeared first on CryptoSlate.
[ad_2]
Source link
