Payward Taps Hyperliquid for Regulated Perpetual Futures in the US

Payward, the parent company of Kraken, plans to offer eligible US clients access to new perpetual futures markets built on Hyperliquid's blockchain. The proposal would combine on-chain execution with a regulated US derivatives structure.

The new contracts would be created by Payward entities rather than simply exposing US traders to Hyperliquid's existing permissionless markets. Bitnomial Exchange and Bitnomial Clearinghouse would act as the HIP-3 deployer, creating, administering, clearing, and settling the new contracts.

Payward acquired Bitnomial in May for up to $550 million and has since launched CFTC-regulated perpetual futures for eligible US traders covering assets like Bitcoin, Ether, Solana, and XRP.