Lion Group Holding (LGHL) has released an update.
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Lion Group Holding Ltd. is set to acquire a 60% equity stake in Agunua Technology, a move poised to propel the company into the lucrative global carbon finance market. Through this $4.8 million strategic investment, Lion will gain exclusive operating rights to the Solomon Islands’ SIGX carbon credit electronic trading platform, enhancing their green financial infrastructure and expanding carbon neutrality services. The company anticipates this venture will not only diversify their product offerings but also promises substantial revenue growth, with SIGX’s revenue expected to exceed $200 million by 2029.
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