NEW YORK, June 18, 2025 /PRNewswire/ — Chardan, a prominent global investment banking and advisory firm, has announced its entry into the digital asset market. The firm is set to advise on and structure various transactions that connect traditional capital markets with the fast-evolving landscape of blockchain technology and cryptocurrency. In line with this strategic move into crypto finance, Chardan has recently taken on the role of strategic advisor and placement agent in several significant transactions.
### Eyenovia’s $50 Million PIPE to Acquire HYPE Tokens
Chardan served as the sole placement agent in Eyenovia Inc.’s (NASDAQ: EYEN) $50 million private investment in public equity (PIPE) financing. The funds raised are designated for the acquisition of over 1 million HYPE tokens, which are the native digital assets of the Hyperliquid blockchain. This milestone makes Eyenovia the first publicly listed company in the U.S. to include HYPE tokens in its treasury. The deal positions Eyenovia as a leading validator on the Hyperliquid network and incorporates a strategic staking initiative in collaboration with Anchorage Digital. The financing structure includes non-voting convertible preferred stock and warrants, with total potential proceeds reaching up to $150 million.
### Lion Group’s $600 Million Facility to Launch Hyperliquid Strategy
Chardan also acted as the sole placement agent for Lion Group Holding’s (NASDAQ: LGHL) substantial $600 million facility, aimed at strategically accumulating HYPE as a reserve asset, in addition to Solana (SOL) and Sui (SUI). This initiative marks LGHL’s renewed focus on its crypto operations and a shift towards decentralized finance infrastructure.
### VivoPower’s $121 Million PIPE to Launch XRP Treasury Strategy
Additionally, Chardan facilitated a $121 million private placement for VivoPower International PLC (NASDAQ: VVPR), which is anticipated to be the first public entity to adopt a digital asset treasury strategy centered around XRP. The funds will be utilized for acquiring XRP, developing a decentralized finance team, and supporting the XRPL ecosystem.
### Classover’s $500 Million Convertible Notes for Solana Treasury Strategy
Chardan provided financial advisory services to Classover Holdings, Inc. (NASDAQ: KIDZ) in its initial $11 million tranche, part of a larger $500 million senior secured convertible note financing. According to the financing agreement, approximately 80% of the net proceeds from this initial tranche will be directed towards purchasing Solana (SOL) tokens, with specific terms and limitations. Classover has already procured over 6,400 SOL tokens and is actively seeking further opportunities in staking and locked token acquisitions, reinforcing its dedication to a blockchain-integrated financial strategy.
### Chardan’s Vision for the Future of Finance
“These transactions highlight our dedication to spearheading the convergence of traditional finance with digital assets,” stated Jonas Grossman, President and Managing Partner at Chardan. “We take pride in supporting visionary companies like Eyenovia, VivoPower, Classover, and Lion Group Holding as they transform capital allocation and treasury management in the Web3 era.” Chardan is focused on enhancing its digital asset advisory capabilities, delivering tailored capital markets solutions, tokenomics structuring, and blockchain integration strategies for innovative clients.
### About Chardan
Chardan operates as an independent global investment bank, with a focus on sectors such as healthcare, digital assets, technology, SPACs, and emerging growth companies. Its extensive service offerings include capital raising, merger and acquisition advisory, strategic advisory, equity research, corporate access, and institutional trading. Based in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and holds memberships with FINRA, SIPC, and NASDAQ.
