HONG
KONG, Nov. 7, 2022 /PRNewswire/ -- Lion Group
Holding LTD. ("Lion Group" or "The Group") (NASDAQ: LGHL), operator
of an all-in-one trading platform that offers a wide spectrum of
products and services as well as a developer of new growth products
including SPAC sponsorship, NFT and metaverse-related initiatives,
today announced that Hong Kong's
Statement in support of the development of virtual assets will
serve to further catalyze development of its existing Web 3.0
projects. LGHL is currently wrapping up phase one development of
its metaverse project, Lion
World.
Recently, the Financial Secretary of Hong Kong released a "Policy Statement on the
Development of Virtual Assets ("VA") in Hong Kong" ("the Statement"). The Statement
outlined Hong Kong's Policy on VA,
with a view that Distributed Ledger Technology (DLT) and Web 3.0
have the potential to become the future of finance and commerce. It
invites the global VA community to leverage Hong Kong's status as an international
financial center to realize the potential of financial innovations
under a clear, agile and facilitating regulatory environment. The
statement also announced a number of pilot projects which include
non-fungible token (NFT) issuance, green
bond tokenization and e-HKD.
Development of Lion World began
in 2021 as an extension of its "Metaverse AI Tool" development
partnership with Dawa Technology. Lion
World, built with Unreal Engine 4, offers an expansive and
fully immersive metaverse experience with the provision of tools
and infrastructure to support a wide range of activities. This
includes blockchain game development, supporting Indie game
development through creation of easy to use UGC tools, on-chain
verification, play to earn models, avatar systems and more.
Metapals and Mecha are two blockchain games built within
Lion World which will soon enter
alpha testing.
Lion Group's Metawords project in collaboration with world
renowned artist Xu Bing seeks to
pioneer a new use case for NFTs, allowing users to create their own
stories through a universal lexicon of symbols from Xu Bing's "Book from the Ground".
Mr. Wang Chunning (Wilson), CEO
of Lion Group Holdings, said, "Out of the global financial centers
in which Lion Group operates, Singapore and Hong
Kong remain key focus points for future development, with a
series of outlined policies on virtual assets coinciding with
LGHL's current development outlook."
"The appeal of virtual assets to
global investors is evident, as outlined in the Statement, not only
will there be future opportunities as virtual assets evolve within
Web 3.0 and the Metaverse, but it is likely virtual assets will in
future become an indispensable part of the market."
"We are convinced that the Web 3.0 era will bring huge benefits
to the digital market and that Lion
World with its core competitiveness will become an important
metaverse project within this space."
"We are optimistic about the development prospects of Virtual
Assets, Financial Technology and Web 3.0. We will continue to look
forward as to how we can best apply new technologies and practices
to improve businesses or innovate product experiences for users and
will continue to strive to deliver meaningful value and growth for
our shareholders."
About Lion
Lion Group Holding LTD. (Nasdaq: LGHL) operates an all-in one,
state-of-the-art trading platform that offer a wide spectrum of
products and services, including (i) Total Return Service (TRS)
Trading, (ii) Contract-for-difference (CFD) trading, (iii)
Insurance Brokerage and (iv) Futures and Securities Brokerage.
In addition, Lion owns a professional and experienced SPAC
sponsorship team to become a leader in the SPAC arena, helping
guide private companies through their listing journey while
creating value for Lion itself. Lion is also committed to building
the world's top one-stop, cross-chain, high-expansion
non-fungible token (NFT) trading
marketplace as well as operating and managing innovative projects
in areas such as the Metaverse and Web 3.0 through advanced
technology research and development.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
