The initiative centers on Hyperliquid’s newly outlined HIP-3
This deployment strategy follows Payward’s acquisition of Bitnomial in May, a move that integrated exchange and clearing capabilities into its US derivatives division. While Hyperliquid acts as the underlying blockchain for order matching and trade recording, the regulated entities maintain control over market rules and compliance. The project remains in the testnet phase, with Hyperliquid noting that the permissioned configuration will be finalized through a future network upgrade. Existing markets on the protocol will remain unaffected by the addition of HIP-3

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