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Payward plans CFTC-regulated perpetual futures on Hyperliquid
Payward, the parent company of Kraken, intends to become the first CFTC-regulated deployer to launch perpetual futures markets on the Hyperliquid blockchain using the new HIP-3* framework. This initiative aims to provide regulated onchain derivatives to eligible US customers.
Under the proposed structure, Bitnomial will serve as the deployer, managing market creation, ownership, and administration, as well as contract clearing and settlement. NinjaTrader Clearing, a registered futures commission merchant, will manage customer accounts. To participate, traders must be on the allowlists of both Bitnomial and NinjaTrader.
The HIP-3* upgrade introduces optional permissioned markets via onchain allowlists, allowing operators to restrict access to meet specific regulatory requirements without altering existing permissionless markets. Hyperliquid will provide the underlying infrastructure layer for matching orders and recording trades onchain. The plan remains subject to regulatory approval and is currently in the testing phase on a testnet.
Entities
Bitnomial · CFTC · Commodity Futures Trading Commission · Hyperliquid · Kraken · NinjaTrader Clearing · Payward
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] Trading will be restricted to accounts on both Bitnomial and NinjaTrader allowlists. www.tokenpost.kr · crypto.news · coindoo.com · blockcast.it · cryptobriefing.com · +1 more
- [● 8 SOURCES] The initiative is subject to regulatory approval from the CFTC. www.tokenpost.kr · www.blockmedia.co.kr · crypto.news · coindoo.com · cryptobriefing.com · +3 more
- [● 7 SOURCES] Bitnomial will serve as the deployer, managing market creation, ownership, and administration. www.tokenpost.kr · crypto.news · coindoo.com · cryptobriefing.com · blockcast.it · +2 more
- [● 7 SOURCES] NinjaTrader Clearing will manage customer accounts. www.tokenpost.kr · crypto.news · coindoo.com · cryptobriefing.com · blockcast.it · +2 more
- [● 7 SOURCES] Hyperliquid will serve as the infrastructure layer for matching and recording trades onchain. crypto.news · coindoo.com · cryptobriefing.com · blockcast.it · cryptocompass.com · +2 more
- [● 7 SOURCES] Payward plans to launch the first CFTC-regulated HIP-3* deployer on Hyperliquid. www.tokenpost.kr · crypto.news · coindoo.com · cryptobriefing.com · blockcast.it · +2 more