Chardan Expands into Digital Assets by Advising Strategic Crypto-Backed Financings
NEW YORK, June 18, 2025 /PRNewswire/ -- Chardan, a leading global investment banking and advisory firm, today announced an expansion into the digital asset sector, advising on and structuring a series of transactions that bridge traditional capital markets with the rapidly evolving world of blockchain and cryptocurrency.
As part of its strategic push into crypto finance, Chardan has recently served as a strategic advisor and placement agent in the following notable transactions:
Eyenovia's $50 Million PIPE to Acquire HYPE Tokens
Chardan acted as sole placement agent in Eyenovia Inc.'s (NASDAQ:EYEN) $50 million PIPE financing. The proceeds are being used to acquire over 1 million HYPE tokens, the native asset of the Hyperliquid blockchain, making Eyenovia the first U.S.-listed company to hold HYPE in its treasury.
This transaction positions Eyenovia as a top validator on the Hyperliquid network and includes a strategic staking initiative in partnership with Anchorage Digital. The financing involved the issuance of non-voting convertible preferred stock and warrants, potentially raising up to $150 million in total proceeds.
Lion Group's $600 Million Facility to Launch Hyperliquid Strategy
Chardan acted as sole placement agent in Lion Group Holding's (NASDAQ:LGHL) $600 million facility. The facility supports the strategic accumulation of HYPE as a reserve asset, alongside Solana (SOL) and Sui (SUI). This represents LGHL's relaunch of crypto operations and its pivot toward decentralized finance infrastructure.
VivoPower's $121 Million PIPE to Launch XRP Treasury Strategy
Chardan acted as placement agent for the $121 million private placement for VivoPower International PLC (NASDAQ:VVPR). VivoPower is believed to be the first public company to implement an XRP-focused digital asset treasury strategy. Proceeds will be used to acquire XRP, build out a decentralized finance team, and contribute to the XRPL ecosystem.
Classover's $500 Million Convertible Notes for Solana Treasury Strategy
Chardan served as financial advisor to Classover Holdings, Inc. (NASDAQ:KIDZ) in its $11 million initial tranche which is the first issuance under the $500 million senior secured convertible note financing.
Under the terms of the financing agreement, approximately 80% of the net proceeds from the initial tranche will be allocated toward the purchase of Solana (SOL) tokens, subject to certain terms and limitations.
Classover has already acquired over 6,400 SOL tokens and is exploring additional opportunities in staking and locked token acquisitions, reinforcing its commitment to blockchain-integrated financial strategy.
Chardan's Vision for the Future of Finance
"These transactions underscore our commitment to leading the convergence of traditional finance and digital assets," said Jonas Grossman, President and Managing Partner at Chardan. "We are proud to support visionary companies like Eyenovia, VivoPower, Classover, and Lion Group Holding as they redefine capital allocation and treasury management in the Web3 era."
Chardan continues to expand its digital asset advisory capabilities, offering bespoke capital markets solutions, tokenomics structuring, and blockchain integration strategies for forward-thinking clients.
About Chardan:
Chardan is an independent global investment bank specializing in healthcare, digital assets, technology, SPACs, and emerging growth companies. Our range of services include capital raising, merger and acquisition advisory, strategic advisory, equity research, corporate access, and institutional trading. Headquartered in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: FINRA, SIPC, and NASDAQ.
Chardan Media Contact:
Emily Levine
Chief Commercial Officer
(475) 400-6071
View original content to download multimedia:https://www.prnewswire.com/news-releases/chardan-expands-into-digital-assets-by-advising-strategic-crypto-backed-financings-302485587.html
SOURCE Chardan