Hyperliquid said on Monday that it intends to make Payward, the parent of Kraken, the first CFTC-regulated deployer on its HIP-3 markets, The Block reports. It is an intention, not a completed deal, and the post did not say when anything would go live.
Under the plan, Bitnomial, Payward’s CFTC-regulated exchange and clearing house, would deploy the markets. NinjaTrader Clearing, Payward’s registered futures broker, would carry client accounts if approved.
The upgrade would let deployers restrict who can trade through onchain allowlists. That permissioning only exists on testnet, and Payward’s deployment remains subject to regulatory approval.
None of this is new in outline. Bloomberg reported on 31 August that Payward was exploring a route to bring Hyperliquid-linked perpetual futures to US traders through Bitnomial, and Payward announced its plans on 16 September. What changed on Monday is that Hyperliquid itself has endorsed it publicly.
Hyperliquid describes itself as a neutral infrastructure layer and says deployers keep control of, and responsibility for, their own markets. That framing matters if a regulator ever asks who is accountable for a market that runs on a permissionless chain.
The Block reached out to Payward and the article carries no reply. Kraken’s parent has said it wants a US route for these products, but it has not said what volumes it expects. No financial terms, volumes or launch date have been given.
Still open is how the allowlists would work in practice, whether a Payward market would build in identity checks, and whether the CFTC will approve it at all.
