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Lion Group announced the completion of the conversion of SUI assets to HYPE and will continue to convert SOL Holdings into HYPE.
According to Deep Tide TechFlow news on September 11, reported by PRNewswire, NASDAQ-listed Lion Group Holding Ltd. (NASDAQ: LGHL) announced the completion of a strategic transaction to convert all of its SUI (Sui) Holdings into HYPE (Hyperliquid) Tokens through BitGo Trust Company.
As of September 10, the company's digital asset vault holds 194,726 HYPE Tokens and 6,707 SOL Tokens. The company plans to continue reconfiguring its SOL Holdings into HYPE to strengthen 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 the LGHL trading platform strategy.