Hyperliquid News: EQX Labs Plans 11 Tokenized US Stocks and ETFs on HyperCore

• EQX Labs announced plans to launch 11 tokenized US stocks and ETFs on Hyperliquid’s HyperCore order book.

• The tokens will trade as HIP-1 assets against USDC, 24 hours a day, seven days a week, for eligible traders.

• No exact launch date has been announced.

• Each token will be backed one to one by shares held through custodians connected to the Depository Trust Company.

• EQX will not charge fees for issuing, redeeming or holding tokens. Traders pay only Hyperliquid’s standard spot trading fees.

• The products will not be offered to US persons.

Hyperliquid is expanding its tokenized stock offerings. EQX Labs announced plans to launch 11 tokenized US stocks and ETFs directly on Hyperliquid’s HyperCore order book, according to Crypto Briefing.

The company has not announced an exact launch date.

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Hyperliquid EQX Launch at a Glance

Key details:

• Issuer: EQX Labs (tokens issued by EQX SPC Ltd.)

• Venue: Hyperliquid’s HyperCore order book

• Number of markets: 11 tokenized US stocks and ETFs

• Token type: HIP-1 assets, traded against USDC

• Trading hours: 24/7 for eligible traders

• Fees: none from EQX for issuing, redeeming or holding

• Launch date: not announced

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Main News: EQX Lists 11 Markets for Hyperliquid

The initial markets will include tokenized versions of Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta, Tesla, Micron and SpaceX. Two ETF products tracking the S&P 500 and the Nasdaq 100 are also included.

The tokens will trade as HIP-1 assets against USDC. Eligible traders will have access to the markets 24 hours a day, seven days a week.

How the Tokens Are Backed

According to the company’s documentation, each token will be backed on a one-to-one basis by shares held through custodians connected to the Depository Trust Company.

• Custodians: Alpaca, StoneX and Clear Street

• Custody information: EQX plans to publish it so traders can verify the shares backing the tokens

• Issuer: EQX SPC Ltd., a British Virgin Islands segregated portfolio company

• Structure: each ticker has a separate portfolio holding its underlying shares

The tokens will not represent direct ownership of the underlying securities. Holders will own limited recourse debt instruments backed by those shares, with contractual claims against the issuer.

Traders who monitor Hyperliquid market activity and wallet flows can follow live data through SpotX.

Dividends, Voting and Fees

EQX plans to pass through certain economic benefits of stock ownership:

• Dividends: automatically reinvested into additional shares, after applicable withholding

• Voting: holders can submit voting instructions through wallet signatures

• Fees: none for issuing, redeeming or holding tokens

• Trading fees: only Hyperliquid’s standard spot trading fees

• EQX funding: a share of those trading fees

Access and Eligibility

Creation and redemption will be available to eligible authorized participants. Other traders will access the tokens through Hyperliquid’s order book.

The products will not be offered to US persons.

Tokenized Stocks Already on Hyperliquid

• Trade[XYZ]: Hyperliquid already offers perpetual futures tied to stocks and indexes, trading around the clock without owning the underlying shares.

• Ondo Finance: has expanded its tokenized stock infrastructure to Hyperliquid’s HyperEVM, allowing users to transfer assets from Ethereum and BNB Chain.

• xStocks: in August, launched tokenized US equities on HyperCore, with five initial assets including Nvidia, Micron and ETFs tracking the S&P 500 and Nasdaq 100.

Summary: Hyperliquid News Today

EQX Labs plans to launch 11 tokenized US stocks and ETFs on Hyperliquid’s HyperCore, trading 24/7 against USDC. No launch date has been announced.

• Markets: nine stocks (including Apple, Nvidia, Tesla and SpaceX) plus S&P 500 and Nasdaq 100 ETF products

• Backing: one to one, through custodians Alpaca, StoneX and Clear Street

• Structure: limited recourse debt instruments, not direct ownership

• Fees: none from EQX, only Hyperliquid’s spot trading fees

• Eligibility: not offered to US persons

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