Hyperliquid expands tokenized stock offerings with EQX launch

Hyperliquid is expanding its presence in traditional financial markets as tokenized equities gain traction across the crypto industry. The decentralized exchange already offers perpetual futures tied to stocks and indexes through Trade[XYZ], allowing traders to speculate on equity prices around the clock without owning the underlying shares. Meanwhile, tokenized stock issuers Ondo Finance and xStocks have expanded into the Hyperliquid ecosystem, bringing traditional equity exposure to its blockchain infrastructure. Now, EQX Labs has announced plans to launch 11 tokenized US stocks and ETFs directly on Hyperliquid’s HyperCore order book, adding another spot equity offering to the platform. The initial markets will include tokenized versions of Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta, Tesla, Micron, and SpaceX, alongside products tracking the S&P 500 and Nasdaq 100 through ETFs. The tokens will trade as HIP-1 assets against USDC, giving eligible traders access to the markets 24 hours a day, seven days a week. The company has not announced an exact launch date. EQX promises share backing and zero issuer fees According to the company’s documentation, each token will be bac...