Payward Brings Regulated Perpetual Futures to Hyperliquid

Payward is planning to bring US-regulated perpetual futures to Hyperliquid's on-chain order book. The markets would use Hyperliquid's infrastructure, but access, clearing and administration would stay with Payward's regulated entities.

The proposed markets remain subject to regulatory approval, with no launch date or contract specifications disclosed.

Under the proposed structure, Hyperliquid would provide the blockchain and on-chain order book. Bitnomial Exchange would create, own and administer the markets as the HIP-3 deployer, while Bitnomial Clearinghouse would process settlements.