Hyperliquid Strategies files for FCM approval to bring perpetual futures to US

The Nasdaq listed company seeks to carry US client accounts for permissioned Hyperliquid markets as it expands its HYPE treasury to 38.9 million tokens. Hyperliquid Strategies (NASDAQ: PURR) announced Thursday that a subsidiary has filed an application to become a futures commission merchant (FCM), seeking to bring perpetual futures trading on Hyperliquid to US customers within a regulated framework. If approved, the FCM would carry US client accounts for permissioned markets deployed under HIP-3*, an upcoming expansion of Hyperliquid’s infrastructure that allows independent operators to launch markets with restricted access. The company said the application remains subject to regulatory approval, with no assurance regarding its timing or outcome. David Schamis, CEO of Hyperliquid Strategies, said the application is part of the company’s broader strategy to capture value from the Hyperliquid ecosystem through HYPE ownership while expanding access to its trading infrastructure. The move follows Hyperliquid’s recently announced plans to introduce HIP-3*, which allows market deployers to manage access through onchain allowlists while using Hyperliquid as the underlying infrastructure....