Hyperliquid and Payward Team Up to Bring Regulated Perpetual Futures Markets to US Clients

Hyperliquid and Payward have partnered to bring regulated perpetual futures markets to US clients through Bitnomial, Payward's subsidiary that holds CFTC exchange and clearinghouse licenses acquired in May 2026.

The partnership routes through the HIP-3* framework, an extension of Hyperliquid's existing market deployment framework that bolts on permissioned allowlists for compliance purposes. This marks the first time a registered American entity will deploy on Hyperliquid's HIP-3 infrastructure.

HIP-3*, which solves the permissionless/compliance tension by introducing optional permissioned allowlists, essentially gatekeeping layers that let deployers restrict who can access their markets. Bitnomial will operate within this framework, with the first market deployments running on Hyperliquid's public blockchain while falling under Bitnomial's regulatory umbrella.