Kraken's Parent Company Brings On-Chain Perpetual Futures to US via Hyperliquid

Kraken's parent company, Payward, has announced plans to bring on-chain perpetual futures to U.S. clients through Hyperliquid's HIP-3 markets. This development is significant as it creates a bridge between U.S. users and an on-chain derivatives architecture.

Payward intends to deploy perpetual futures markets for American clients starting with Hyperliquid HIP-3 markets, which are builder-deployed permissioned perpetual markets. The initiative fits into a broader strategy of connecting conventional financial-market infrastructure with blockchain-based trading.

Circle has also taken another major step in blockchain infrastructure with the launch of Arc's public mainnet on September 16. Arc is an open Layer 1 designed for financial markets, real-time money movement, and agentic economic activity. The network uses USDC for transaction fees and offers sub-second finality.

The launch also carries an institutional dimension, with founding validators including BlackRock, DTCC, Galaxy, ICE, Mastercard, Visa, Standard Chartered, and other financial institutions. Pump.fun has announced that Arc will be supported on its application from day one, allowing users to trade Arc-based tokens with USDC.