Hyperliquid: Kraken Parent Payward Plans to Become First CFTC-Regulated HIP-3* Deployer Hyperliquid announced that Kraken parent Payward plans to become the first CFTC-regulated HIP-3* deployer, using Hyperliquid infrastructure to offer perpetual futures markets to U.S. clients.
Subject to regulatory approval, Payward’s CFTC-regulated DCM and DCO, Bitnomial, would serve as the deployer, managing the markets and clearing and settling contracts, while its CFTC-registered FCM, NinjaTrader Clearing, would carry client accounts
HIP-3* will introduce optional onchain allowlists for permissioned markets without affecting existing HIP-3 markets. The initial version is available on testnet, with specifications subject to change. — link