Hyperliquid to list 11 tokenized US stocks and ETFs spot, with trading officially opening tomorrow.

BlockBeats news, October 25 - Hyperliquid is about to launch tokenized US stocks and ETF spot markets issued by EQX Labs. The first batch consists of 11 HIP-1 spot markets, all denominated in USDC, with underlying assets including EQSPY and EQQQQ tracking the S&P 500 and Nasdaq 100, as well as EQNVDA, EQTSLA, EQAAPL, EQMSFT, EQAMZN, EQGOOG, EQMETA, EQ MU, and EQSPCX corresponding to Nvidia, Tesla, Apple, Microsoft, Amazon, Alphabet, Meta, Micron, and SpaceX.

Trading will officially commence at 21:30 Beijing time on October 26, which is 9:30 AM Eastern Time the same day. The relevant tokens have currently been registered on the Hyperliquid mainnet but have not yet officially opened for order matching. On the issuance side, EQX states that the tokens are 1:1 backed by real shares, legally structured as limited recourse debt obligations issued by a British Virgin Islands segregated portfolio company, not direct stock holdings, and are not open to US persons.