Lion Group strategically invests in Indonesian stablecoin issuer NBS through equity swap

Foresight News reports that Nasdaq-listed company Lion Group Holding (LGHL) has announced its participation in the investment in Indonesian digital financial infrastructure company PT Nusantara Bumi Sangkara (NBS) through an equity swap. According to the investment participation and economic interest arrangement agreement signed with Meili Capital Management, Lion Group will provide up to 12 million US dollars in investment consideration via the issuance of common shares or other equity-linked securities in a non-cash manner. Upon completion of the transaction, it will obtain a 10% indirect economic interest in NBS through Meili or its designated investment vehicle.

NBS is developing NIDR, a compliant stablecoin pegged 1:1 to the Indonesian Rupiah, backed by a secure and liquid reserve asset, and has received the relevant approval/confirmation from the Indonesian Financial Services Authority (OJK). NBS is currently advancing custody arrangements, reserve asset allocation, and system testing, aiming to provide low-cost cross-border fund transfer services and to build digital financial infrastructure that integrates blockchain, smart contracts, and AI risk control.

Wilson Wang, CEO of Lion Group, stated that this investment is an important step in the company’s expansion into the Southeast Asian digital economy, and is synergistic with the company’s Digital Asset Treasury (DAT) strategy and Aquila AI infrastructure strategy. The transaction remains subject to customary conditions, including approvals from regulatory authorities such as Nasdaq and the SEC.