The U.S. listed ophthalmic technology company Eyenovia announced yesterday that it will privately raise $50 million to purchase Hyperliquid's native token HYPE, becoming the first international enterprise to include HYPE in its financial reserves. Simultaneously, the company will rename itself to Hyperion DeFi, appoint a new investment director, and participate in staking node verification plans. Upon this news, EYEN's stock price surprice surged 134% in a single day.
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Eyenovia Embraces Hyperliquid: Validation or Hype?<"folobserving hype's Price Surge: eyStock Drops 86% in aThe digital ophthalmic technology company Eyenovia (stock code: EYEN) announced yesterday that it has completed a $$50 million private investment (PIPE), which will be used to establish its first cryptocurrency reserve, on high-growth potential Hyperliquid native token HYPE, even exceeding the's value of $20 million.
To implement this transformation strategy, the company appointed Hyunsu Jung as the new investment director and board member, simultaneously announcing that the company name and stock code will change to "Hyperion DeFi" and "HYPD".
(VanEck Reveals Bitcoin Reserve Companies' Discount Concerns: New Stock Issuance Will Only Faster Dilute Shareholder Value)
CEO Optimistic About Hypova:Ive span h2>
Eyenovia stated that it will use these funds to purchase over HYPE tokens, becoming one of the largest global holders, and plans to participate in staking verification on Hyperliquid, with Anchorage Digital as the custodian. The company's CEO Michael Rowe stated p This is not just an investment decision, but a big step us to diversified returns for shareholders and embrace the blockchain revolution.
p>The new investment Jung added: "We believe HYPE is one of the strongest and most potential digital assets currently."
(Hyperliquid Risks Becoming a Money Laundering Tool? Security Team: James Wynn is Also Like-Minded)
Observing'S Price Ey's 86%Recent hyperliquid recently rising to the 8th largest TVL globally and HYPE becoming the 13th largest cryptocurrency by its market cap, on-bookX volume and active users continue to rapidly climb. However,'s,'S eprice seems less impressive.
Even though Though the hcaused Eprice to surge 134% in a single day, the has dropped a 40.3year3% this year and 86..2%2% year lost % of its value since its value since its 2018 listing . Even by pivoting to crypto reserves, if its core business continues loss tour losses, recovery it may be difficult be difficult to recover.
Eyenovia emphasizes that despite its significant entry into the crypto field, it has not deviated from its core medical business,,, including developing innovative treatment devices eye syndrome patients. The CEO states they will steadily advance with a "dual-engine" operating model combining medical technology and investments with crypto investments, as part of their3, to shareholders withicher value sources.
Risk Warning
Cryptocurrency investment carries high risks, prices, and potential for significant volatility. You may all your principal. Please carefully assess the risks.
Tokenized Stocks Are a Key Issue for Coinbase
Coinbase's Chief Legal Officer Paul Grewal stated that this concept is "of utmost importance". Stock tokenization refers to the process of converting company stocks into digital tokens, similar to cryptocurrency trading. Investors do not directly hold securities, but rather tokens representing securities ownership.
The goal is to merge traditional financial markets with blockchain technology, providing blockchain-based stock trading services to achieve more efficient, transparent, and liquid securities trading. Tokenized stocks can also reduce transaction costs, shorten settlement times, and improve accessibility for global investors.
Tokenized Stocks Still Require SEC Approval
To offer tokenized stocks in the United States, Coinbase needs to obtain a "no action letter" or exemptive relief from the U.S. Securities and Exchange Commission (SEC).
Typically, companies offering securities trading must register as broker-dealers. The SEC sued the company during President Biden's administration in 2023, alleging it operated as a broker-dealer without registering with the SEC. However, with the election of President Trump, the SEC withdrew the case this year.
Coinbase acquired a broker-dealer in 2018, thereby obtaining a license to provide similar services, but the company has not yet launched any related services.
Grewal did not disclose whether Coinbase has submitted a formal request to the SEC or when the product might be launched.
Currently, tokenized stocks are not being traded in the United States, but several companies are exploring this concept. Kraken stated last month that it will launch xStocks, an American stock token to be issued in specific markets outside the United States.
Using Its Own Base Blockchain Can Significantly Enhance Competitiveness
If approved, this would allow Coinbase to effectively provide stock trading through blockchain technology, competing with Robinhood and Charles Schwab, and potentially open a new business division for Coinbase.
Coinbase previously proposed tokenizing its own stock (ticker COIN) using its Base blockchain (a Layer 2 solution launched by Coinbase), which has been used for other DeFi and Non-Fungible Token applications and has the potential to support complex financial products.
Many market analysts and investors believe that Coinbase's tokenized stock plan could fundamentally change investment methods. For example, Motley Fool analyst Travis Hoium suggests that tokenized stocks could transform investment in public and private companies, enabling 24/7 trading, improving trading efficiency, and lowering participation barriers.
Bitwise CEO Hunter Horsley believes that tokenization can create more inclusive capital markets, expanding participation in U.S. public markets to more small and medium-sized enterprises, promoting financial democratization.
However, critics point out that many issues need to be resolved before tokenized stocks can be widely traded. A report by the World Economic Forum last month highlighted two major challenges facing tokenized stock applications: insufficient secondary market liquidity and lack of clear global standards.
Risk Warning
Cryptocurrency investments carry high risks, with prices potentially experiencing extreme volatility, and you may lose all of your principal. Please carefully assess the risks.
