Ventuals has announced the closure of its platform and joining the Hyperliquid ecosystem team. All Pre-IPO markets will be settled accordingly.

BlockBeats News, June 15th, Ventuals announced today that it will gradually wind down its operations and join another team within the Hyperliquid ecosystem, marking the end of its "round-the-clock private placement market" experiment.

The project, previously focused on enabling users to trade pre-IPO private tech company risk exposure, has accumulated over 500,000 HYPE in funding and approximately $6.5 billion in trading volume.

According to the announcement, all deployed HIP-3 markets will proceed to settlement as planned, with Pre-IPO markets such as OpenAI and Anthropic settling based on the past 24-hour TWAP price freeze and completing final settlement, with a settlement price of $1,341.80 for OpenAI and $1,618.90 for Anthropic.

In addition, commodity and index markets (such as MAG7, semiconductors, energy, defense, etc.) will also gradually cease trading from June 18th and settle based on the final available external prices, with all open positions automatically liquidated.

The platform stated that vHYPE holders can redeem staked assets at a 1:1 ratio and receive corresponding on-chain staking rewards, with the withdrawal process set to begin batch processing on June 19th, taking approximately 7 to 72 hours.

Meanwhile, Ventuals confirmed the termination of the points and referral program, explicitly stating that they will not issue tokens, citing that there is no longer a value capture basis after the project's termination. All users are required to complete fund withdrawals and wallet exports by September 15th.