Hyperliquid Beyond Crypto

Crypto-native infrastructure is increasingly finding use cases beyond crypto, as perpetual futures expand into equities, commodities and private-market exposure.

In the latest episode of The House View, FalconX Senior Crypto Market Strategist Martin Gaspar speaks with Head of Derivatives Griffin Sears about Hyperliquid’s growing relevance to institutional markets and what broader access to perpetual futures could mean for market structure.

They discuss:

  • What U.S. access to Hyperliquid could mean: An initial rollout of crypto perps could expose more traditional market participants to perpetual futures and 24/7 trading and settlement infrastructure.
  • Why equity and RWA perps are gaining attention: Demand for these products illustrates how crypto-native infrastructure is increasingly being used to trade exposure beyond digital assets.
  • How investors are using pre-IPO perps: Around major anticipated listings, these markets can provide another way for investors to gain exposure or hedge existing private-market positions.

Tune in on Spotify or Apple to hear the full conversation.

Disclaimer

This material is for informational purposes only and is only intended for sophisticated or institutional investors. Neither FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., FalconX Foxtrot Pte Ltd., FalconX Golf Pte Ltd., Solios, Inc., Falcon Labs, Ltd., KestrelX, Ltd. nor Banzai Pipeline Limited service retail counterparties, and the information in this material is NOT intended for retail investors. This material is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this material is not and should not be regarded as investment advice, investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body.

Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. Pursuant to the Dodd-Frank Act, over the counter derivatives are only permitted to be traded by "eligible contract participants" (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not consider derivatives or structured products unless you are an ECP and fully understand and are willing to assume the risks.

Solios, Inc. and FalconX Delta, Inc. are registered as federal money services businesses with FinCEN. FalconX Bravo, Inc. is registered as a Swap Dealer with the U.S. Commodities Futures Trading Commission and is a member of the National Futures Association. FalconX Limited, FalconX Bravo, Inc., FalconX Delta, Inc., Falcon Labs Ltd., and Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Golf Pte. Ltd. is not required to be registered or licensed by the Monetary Authority of Singapore (MAS). MAS has granted FalconX Foxtrot Pte. Ltd. a temporary exemption from holding a license under the PSA for the payment services caught under the expanded scope of regulated activities for a specified period. FalconX Limited is licensed by the MFSA as a Class 2 Crypto-Asset Service Provider (Regulation (EU) 2023/1114). It is also licensed as a Financial Institution (Cap. 376) exclusively for EMT payment services.

"FalconX" is a marketing name for the FalconX Group and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each FalconX entity. For information about which legal entities offer trading products and services, or if you are considering entering into a derivatives transaction, please reach out to your Sales or Trading representative.

Insights, directly from FalconX