Silhouette Launches RFQ Trading for Tokenized Equities on Hyperliquid

Hyperliquid has taken another step forward in its mission to bring tokenized equities into mainstream finance. Silhouette, the universal block trading layer for Hyperliquid, has launched its Request For Quote (RFQ) system on mainnet. This new feature allows traders to request quotes on any supported xStock and receive competing quotes from onboarded market makers.

The launch comes as tokenized equities continue to gain traction across the industry. According to Chandler De Kock, Founder of Silhouette, 'Tokenized stocks keep arriving onchain, and most of them have nowhere to trade.' He believes that Silhouette's RFQ system fills this gap by providing a demand layer for these assets.

The xStocks platform, which has partnered with Silhouette for this launch, has seen rapid growth since its inception in June 2025. It now powers billions of dollars in transaction volume across multiple blockchain ecosystems.

Val Gui, General Manager at xStocks, sees the RFQ system as a major milestone for the asset class. 'Access to real markets shouldn't stop when a broker's desk closes for the night,' he said. 'Every tokenized equity we've brought onchain has been waiting for a venue that treats it like a real asset.'