HONG
KONG, Feb. 24, 2023 /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 as well as a developer of new growth products
including SPAC sponsorship, NFT and metaverse-related initiatives,
today announced that it will lead the deployment of technological
innovation and digital services in the carbon finance field, taking
a deep-seated role in emerging carbon markets, which includes but
is not limited to areas such as carbon trading and financing, thus
strengthening its core business model and opening up the ceiling
for future growth.
Carbon finance refers to any and all kinds of financial
transactions and institutional arrangements that serve to reduce
greenhouse gas emissions (GHGs). It originated from two
international agreements, the United Nations Framework Convention
on Climate Change and the Kyoto Protocol. The three market
mechanisms stipulated in the latter gave birth to a carbon
financial market with carbon dioxide emission rights as the
underlying assets.
According to 2022 Review of Carbon Markets by Refinitiv, the
total transaction volume of the global carbon market reached a
record 865 billion euros in 2022 and
is estimated to continue to grow, with already six consecutive
years of growth in global carbon market transactions. Under the
backdrop of global consensus on climate action and carbon strategy,
cooperation between financial institutions and related industries
across the globe will play an increasingly important role within
the carbon markets putting increased focus and value on
digitalization to tackle issues such as consensus and
liquidity.
Lion currently holds Securities and Futures Commission (SFC)
Type 1, Type 2, Type 4, Type 5 and Type 9 licenses issued by the
Hong Kong Securities Regulatory Commission, the Capital Markets
Service (CMS) license issued by the Monetary Authority of
Singapore and the full securities
investment business license from the Cayman Islands Monetary
Authority (CIMA) as well as a Digital Asset Self-Operated Trading
license from the Dubai Multi Commodities Centre (DMCC).
Mr. Wang Chunning (Wilson), CEO
of Lion Group Holding Ltd, said, "Lion has stepped into the field
of carbon finance, this is a key step in our global corporate
strategy to maintain our competitiveness in the global marketplace.
I believe a differentiated green sustainable development strategy
will greatly enhance competencies in all areas of our core business
and we will be poised to take advantage of key ESG value creation
opportunities."
"Being a global service provider committed to full compliance
coupled with Lion's existing core competencies in Financial and
Web3.0 technology, paves a strong foundation on which to build
Lion's digital carbon trading business. With the building out and
expansion of our digital carbon finance business, we will have huge
development potential when it comes to the provision of carbon
financial services for the carbon markets as well as driving the
growth of carbon finance-related derivative products," he
continued.
"In the future, we will continue to increase our efforts in the
fields of fintech, digital carbon finance, AIGC, ESG, Web 3.0 and
more. Lion will devote itself to promoting the high-speed
construction and high-quality sustainable development of the
digital financial ecosystem business, creating meaningful growth
and value for our shareholders," Mr. Wang remarked.
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.
