Hyperliquid says Kraken parent Payward to seek first CFTC-regulated HIP-3 deployment
- —Payward aims to be the first CFTC-regulated HIP-3 deployer for U.S. perpetuals clients
- —Bitnomial would create, administer, clear and settle the markets
- —NinjaTrader Clearing would carry customer accounts
- —CFTC approval is outstanding, no launch date set, HIP-3 runs on testnet
Why it matters: The plan tests whether onchain perpetuals can run under regulated, allowlisted access — a potential template for DeFi derivatives entering the U.S. market.
Source: Crypto Daily