Kraken’s parent company aims to become Hyperliquid’s first CFTC-regulated deployment partner

Payward—the parent company of crypto exchange Kraken—announced plans to become the first U.S. Commodity Futures Trading Commission (CFTC)-regulated deployer on Hyperliquid, a decentralized perpetuals infrastructure, for the HIP-3* market. This deployment will leverage Hyperliquid as the underlying infrastructure to launch a perpetual futures market for U.S. customers. Upon CFTC approval, Bitnomial—a CFTC-regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) owned by Payward—will officially serve as the deployer for the HIP-3* market, assuming full responsibility for its creation, ownership, operation, and the clearing and settlement of its contracts. Concurrently, NinjaTrader Clearing—a CFTC-registered Futures Commission Merchant (FCM) also owned by Payward—will assume custody of related customer accounts following regulatory approval.