Lion Group announced the completion of the conversion of SUI assets to HYPE

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

As of September 10, the company's digital asset portfolio holds 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 Hyperliquid's long-term growth.

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 the LGHL trading platform strategy.