Lion Group Holding Ltd. (NASDAQ: LGHL) that runs a trading platform for derivatives, futures, and securities said it will convert its Solana (SOL) and Sui (SUI) assets into Hyperliquid (HYPE). This follows the launch of U.S. institutional custody for HYPE by BitGo Trust Company, Inc. The company will gradually exchange its current holdings for HYPE over time. The plan aims to manage costs and take advantage of market changes.
The company said the move is part of its management of its cryptocurrency portfolio and risk strategy. Lion Group will continue to look for opportunities in the digital asset market and provide updates on its treasury and investments. The reallocation supports its trading platform operations and use of blockchain technology.
By moving assets to Hyperliquid, the company plans to use its high-performance blockchain and decentralized futures exchange. The company said it will keep updating investors as it manages its digital assets and explores new strategies.
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