Hyperliquid partners with Payward to launch HIP-3* markets in US

Kraken: Kraken is a major cryptocurrency exchange providing trading, staking, and related services worldwide. Through its parent company Payward, Kraken supports efforts to expand compliant access to onchain perpetual futures products for US users. Payward: Payward serves as the parent company of the Kraken exchange and operates CFTC-regulated infrastructure including the Bitnomial exchange and clearinghouse. It recently announced plans to deploy permissioned Hyperliquid HIP-3* perpetual futures markets for US clients, aiming to deliver onchain products through established regulatory channels. Hyperliquid: Hyperliquid operates a decentralized perpetual futures trading platform built on its own layer-1 blockchain. It has developed HIP-3* to support optional permissioned markets with onchain allowlists for compliance. This positions the protocol to enable regulated partners like Payward to offer its markets to US clients. US Market Access: Payward intends to bring onchain perpetual futures to US clients through regulated entities starting with Hyperliquid HIP-3* markets. Regulatory Alignment: The development reflects ongoing integration of decentralized protocols with US-regulated derivatives frameworks. Permissioned Infrastructure: Hyperliquid has introduced HIP-3* functionality enabling deployers to create compliant, allowlisted perpetual markets on its blockchain.