Hyperliquid to Launch Spot Trading for 11 Tokenized U.S. Stocks and ETFs, Going Live Tomorrow

Hyperliquid announced it will officially launch spot trading for its first batch of 11 HIP-1 standard tokenized U.S. equities and ETFs at 21:30 BJT (9:30 a.m. ET) on October 26. These markets—issued by EQX Labs—are all quoted in USDC. Underlying assets include: EQSPY (tracking the S&P 500 Index), EQQQQ (tracking the Nasdaq-100 Index), and equity tokens representing NVIDIA (EQNVDA), Tesla (EQTSLA), Apple (EQAAPL), Microsoft (EQMSFT), Amazon (EQAMZN), Alphabet (EQGOOG), Meta (EQMETA), Micron (EQMU), and SpaceX (EQSPCX). All related tokens were registered and deployed on Hyperliquid’s mainnet on October 25, though order matching has not yet commenced. According to official EQX documentation, these tokens are fully backed 1:1 by the underlying real-world shares and structured as limited-recourse debt instruments issued by a segregated portfolio company incorporated in the British Virgin Islands. They do not confer direct ownership of the underlying equities and are explicitly prohibited from being issued or sold to U.S. persons.