Lion Group announces completion of SUI asset conversion to HYPE

ChainCatcher news, according to PRNewswire, Nasdaq-listed company Lion Group Holding Ltd. (NASDAQ: LGHL) announced the completion of a strategic transaction, converting all of its SUI (Sui) holdings into HYPE (Hyperliquid) tokens through BitGo Trust Company.

As of September 10, the company's digital asset treasury held 194,726 HYPE tokens and 6,707 SOL tokens. The company plans to continue reallocating its SOL holdings into HYPE to strengthen its confidence in the long-term growth of Hyperliquid.

CEO Wilson Wang stated that Hyperliquid represents the future of on-chain markets, combining the transparency of decentralized finance with the efficiency and depth of global derivatives exchanges. This move reflects the company's confidence in its long-term growth and is a natural extension of LGHL's trading platform strategy.