Hyperliquid Strategies subsidiary applies to register as futures commission merchant

Shenchao TechFlow reported on November 6, citing The Block, that a subsidiary of Hyperliquid Strategies has applied to the U.S. Commodity Futures Trading Commission (CFTC) to register as a futures commission merchant (FCM). Upon regulatory approval, the company will be able to hold permissioned HIP-3 market accounts for U.S. clients.

The report cited a company statement saying Hyperliquid plans to add optional features to HIP-3 that enable deployers to build and launch permissioned markets on its on-chain infrastructure, operated in compliance by independent operators. The company said there is no guarantee regarding the application outcome, approval timing, or whether permissioned HIP-3 markets will be approved.

Source: Shenchao TechFlow