Lion Announces New Corporate Headquarters in Singapore
March 16 2022 - 08:00AM
PR Newswire (US)
SINGAPORE, March 16, 2022 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced the Company has relocated its headquarters to Singapore. The new headquarters address is: 3 Phillip Street, #15-04 Royal Group Building, Singapore 048693, phone: +65 88773871.
"Singapore is one of the major financial centers in the world, with stable political policies, economic growth and social environment, along with a low tax rate. It has also developed a sizeable foreign trade, financial industry and banking industry, which will benefit long-term growth opportunities for Lion." Mr. Wang Chunning (Wilson), Chief Executive Officer of Lion said, "To enhance fund security and investor confidence, Lion International Financial (Singapore) Pte Ltd., a subsidiary of the Company, obtained a capital market service license issued by the Monetary Authority of Singapore in October 2021. We believe our corporate relocation enables Lion to explore new business opportunities in Southeast Asia as part of our strategic expansion plan."
DJ Lion Group Prospectus for Resale of ADSs (American Depositart Shares) From Time to Time Increased to 10M
An ADS is an American Depositary Share. American Depositary Shares (ADS) refer to shares in foreign companies that are held by U.S. depositary banks and can be traded in the U.S., including on major exchanges.ADSs allow foreign companies access to a wider investor base and the world's most sophisticated financial marketplace. The main drawback of ADSs for investors is that there is still some currency risk, even though they are denominated in U.S. dollars.
Lion Group Reports Successful Sales Of Its Blind Boxes Non-Fungible Token
8:31 am ET January 19, 2022 (Benzinga) Print
Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ:LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced the successful sales of its blind boxes.
MetaWords, Lion's meta-language NFT, attracted much attention since its launch last week. In addition to the unique mechanics that allows for universal participation in the creation of new works, MetaWords has introduced the blind box. On January 17, 2022, Lion offered its MetaWords blind boxes to the market. Since the launch, all 2,742 blind boxes, containing MetaWords characters as well as fragments of Xu Bing's Book from the Ground, have sold out.
Since the project's launch on January 14, 2022, the Lion NFT platform introduced one new MetaWords character for auction each day with a floor price of 30BNB. The highly-anticipated blind box launched shortly after on Jan 17, 2022. The first batch of 2,742 blind boxes contain 41 MetaWords characters and one high-level fragment, while the remaining blind boxes contain ordinary fragments of Book from the Ground. Ordinary fragments can be traded as well as collected to exchange for bonuses. High-level fragments can be collected and assembled into Book from the Ground, allowing users to become MetaWords partners.
On January 18, 2022, MetaWords announced the launch of its "Creation Tools" feature that allows users to easily create new characters. Adhering to the essence of the NFT community's bottom-up method, this new launch confirms that MetaWords, as a meta-language infrastructure, differs from other digital collections. Users can now log onto lionnft.io and start making their own metaverse creations.
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Lion Announces its NFT Language Project MetaWords Passes CertiK Audit
December 20 2021 - 07:30AM
HONG KONG, Dec. 20, 2021 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced its NFT language project MetaWords has passed CertiK security audit.
MetaWords was created in collaboration with renown Chinese calligrapher and conceptual artist Mr. Xu Bing. MetaWords consists of Character NFTs derived from Mr. Xu's Book of the Ground. One of the most influential artists on the international stage, Mr. Xu's artistic exploration focuses on social symbols, language and communication with unique, expressive style. Drawing upon this, MetaWords aims to serve as a universal meta-language for the Metaverse based on high-recognition, high-consensus symbols in contemporary society.
Minted through Lion's NFT platform, Character NFTs serve as the basic units of the MetaWords language system. MetaWords work also includes Shard NFTs, which are excerpts drawn from Mr. Xu's book, and Original NFTs that are new works created by members of the community using MetaWords NFTs and the Lion NFT platform's creation tool. MetaWords NFTs can be purchased exclusively through Lion's NFT platform at auction or through a blind box, using a Smart Contract for transactions.
The project is exclusively authorized by Mr. Xu and launched by Flying Lion Lab, a subsidiary of Lion. Flying Lion Lab will use revenue generated from the sale of characters for its global marketing campaign, inviting more people from conventional fields, content creators, and internet natives to get to know MetaWords and join the Metaverse.
Additional information may be found at http://ir.liongrouphl.com.
Lion Signs Letter of Intent with New Full Rich to Invest in Tajikistan's Digital Mining Project
November 18 2021 - 07:30AM
PR Newswire (US)
HONG KONG, Nov. 18, 2021 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced it signed a letter of intent with Hong Kong New Full Rich Ltd. ("New Full Rich"). Under this investment agreement, the two parties will cooperate to construct and operate an encrypted digital currency mine project ("the Project") in Tajikistan through Ganj Technology (the "Target Company"), a company owned by New Full Rich.
New Full Rich specializes in the construction, development and operation of overseas digital mines and digital mining business. The Target Company has received strong support from Tajikistan's government, including the President's Office and 12 government departments. The first phase of the Project will focus on a free trade economic zone, establishing a 150,000-load mining site that incorporates industry licenses, energy loads, electricity prices and other relevant operating conditions, in addition to signing a sole protection agreement with the free trade economic development zone. The first phase of construction for the digital mine infrastructure and power-on operation is expected to be completed in the first quarter of 2022, and the project's annual profit is expected to be no less than US$25 million. In addition, the two groups will gradually promote the construction of a 300,000-load mine field for the second phase of the Project.
Accordant to the agreement, Lion Group will issue 5,000,000 shares to New Full Rich at a price of US$3.00 per share in exchange for 20% of the Target Company's enlarged shares. Lion will work closely to execute the Project and expects to achieve profit sharing of US$5 million in 2022. In addition, Lion can exercise priority to purchase 10,000 WhatsMiner M series mining machines from New Full Rich with operational hashing power ranging from 60 to 62 terahashes per second. Upon installation and initial use of the mining machines, Lion expects to generate an estimate of approximately 3.38 BTC per day. According to the current price of cryptocurrency, daily income will be approximately US$220,000. After deducting 22% for electricity fees and subsequent machine maintenance costs, annual profit is expected to reach US$62 million with attractive return-on-investment in the long-term if operations go as expected.
Mr. Chunning (Wilson) Wang, CEO of Lion, commented: "Tajikistan has unique advantages in water resources, which is central to the development of the digital mining industry. Through this project with New Full Rich, Lion's investment and operations in digital mining in Central Asia will create valuable achievements and mark another solid step for Lion in the global digital asset industry. As the era of the digital economy continues to expand, we believe there is huge growth potential in the cryptocurrency market. Following this trend and seizing the opportunity, Lion will accelerate development and innovation in the global digital asset field as we continue to create meaningful value for our shareholders."
Nov. 5, 2021 /PRNewswire/ --
Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and Metaverse-related initiatives, today announced the launch of its Metaverse project, Lion World, opening a door that connects the virtual world to the real world. Lion World has now launched!
Lion Announces Singapore Trading License, Expanding Southeast Asia Presence
HONG KONG, Oct. 4, 2021 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and Metaverse-related initiatives, today announced its subsidiary Lion International Financial (Singapore) Pte. Ltd. ("Lion Singapore") has been granted a Capital Markets Service License ("CMS License") from the Monetary Authority of Singapore.
The CMS License allows Lion Singapore to deal in exchange-traded derivatives contracts, over-the-counter derivatives contracts and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading.
"We are pleased to establish Lion into Singapore and expand our regional Asia presence," said Mr. Chunning (Wilson) Wang, CEO of Lion. "As part of our strategic expansion plan, this milestone allows us to explore new business opportunities across Southeast Asia. Singapore is one of the world's primary financial centers, and we expect this new license to boost our existing CFD and TRS businesses, generating value for our shareholders."
With the initiation of Lion Singapore, the group now has licenses in Hong Kong, Singapore, Cayman Islands and Dubai. The Company intends to establish its new office and have dual headquarters in Hong Kong and Singapore.
Lion Announces Strategic Partnership with Dawa Future Graphic Technology to Jointly Innovate Metaverse AI Tool
August 17 2021 - 07:30AM
PR Newswire (US)
HONG KONG, Aug. 17, 2021 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), today announced its latest strategic partnership with Dawa Future Graphic Technology Co., Ltd. ("Dawa Technology"). Through this partnership, the two companies will jointly innovate and develop the Metaverse AI tool – "Cloud Production Platform", establishing a new form of digital market and establish a leading position in the construction and development of the Metaverse field.
Dawa Technology is one of China's largest communities for VR, AR, XR developers and content creators, that gathers veteran researchers, developers, creators and project operation teams. Committed to becoming the most important support platform of the world's Metaverse development, Dawa Technology has developed more than 100 virtual idols and owns several of the most advanced digital video studios in China, including Asia's largest indoor motion capture studio that allows XR shooting, which is equipped with the world's top Vicon motion-capture system and leading LED technology. Dawa Technology owns cutting-edge technology in areas that include virtual idols, VR, virtual production, digital twins and other virtual technologies, as well as digital avatars, real-time visual effects, and AI creation tools, which are all necessary advanced technologies and components for the construction of Metaverse AI.
Qi Lu, founder and chairman of Dawa Technology, commented, "The Metaverse AI tool will solve a series of pain points in the construction of the Metaverse field, making the construction of the virtual world faster and more convenient. The 1.0 version of the cloud production platform will have core functions such as virtual asset management, film production pipelines, business systems, social systems, online education, and collaborative development. This will provide professional and complete new era digital content production solutions for individual users, institutions, and enterprises who intend to accelerate their entry into the Metaverse ecosystem. This cooperation will effectively promote the development of related businesses by leveraging the strong platform strength of Lion Group. We intend to use the complementary advantages between both parties to achieve breakthroughs in the field of creation of the Metaverse, and embrace the future together."
Mr. Wang Chunning (Wilson), Chief Executive Officer of Lion commented, "Metaverse represents a large potential market for Lion. Our cooperation with Dawa Technology to develop the Metaverse AI tool represents an important step of our entry into the Metaverse field. The Metaverse AI tool is fundamental to the creation and continuous growth of the Metaverse field. We believe this reshaped virtual world of human cognition has strong practical guiding significance and commercial value. We believe the value of the Metaverse production platform will grow rapidly over time. Concurrently, developments in the field of blockchain technology and NFT will also play a key role in shaping the Metaverse. Earlier this year, we independently developed and operated the cross-chain high-expansion NFT one-stop trading platform Meta World, which was also one of the important layouts for the innovation and development of the Metaverse field. In the future, we intend to continue our efforts to develop future industries related to Metaverse."
Lion Group Holding Ltd.