Kraken Parent Payward Unveils Onchain Perpetual Futures Plans for US Clients

Payward, the parent company of Kraken, is planning to offer onchain perpetual futures to U.S. clients through Hyperliquid's HIP-3 markets, pending regulatory approval.

The proposed service would bring perpetual futures trading onto Hyperliquid's public blockchain while using regulated infrastructure for deployment, clearing and settlement.

Access to the markets would be restricted to users who are approved and whitelisted by both Payward and Bitnomial, a CFTC-regulated entity that would handle deployment, clearing, and settlement.

NinjaTrader Clearing would hold client accounts, separating the blockchain-based trading venue from the entities responsible for regulated market infrastructure and custody of client accounts.