Payward, the parent company behind the crypto exchange Kraken, has announced plans to launch perpetual futures powered by Hyperliquid’s infrastructure for US-based customers. The new product will run on the public Hyperliquid blockchain, using an on-chain order book for transparent trade matching and settlement.

Launch Plans and Hyperliquid’s Role

The company aims to roll out its first perpetual futures markets using the Hyperliquid HIP-3 protocol. This setup will let US clients trade derivatives directly on-chain, with every transaction recorded on the public blockchain.

Regulatory Requirements

Payward will need green light from regulators before the product goes live. Bitnomial, a platform regulated by the US Commodity Futures Trading Commission (CFTC), is also involved in the project to ensure full compliance with American law.

How On-Chain Futures Work

Trades for these perpetual futures will settle directly on the Hyperliquid blockchain. The on-chain order book handles transparent order matching and records every move. This approach helps reduce risk and builds trust in the way users trade derivatives.