Payward to Launch Onchain Perpetual Futures in US via Hyperliquid

Payward, the parent company of Kraken, has announced plans to introduce onchain perpetual futures to U.S. clients through Hyperliquid's HIP-3 framework.

This move is part of Payward's strategy to leverage its regulated derivatives infrastructure, including Bitnomial as the exchange and NinjaTrader Clearing as the futures commission merchant.

The new contracts will operate on Hyperliquid's public blockchain, utilizing an onchain order book with access limited to onboarded and allowlisted accounts.

Market participants interpret this development as a significant step in providing regulated U.S. access to onchain perpetuals, potentially impacting Hyperliquid's price trajectory.