Hyperliquid Confirms Singapore Base as MAS Cites No Remit

Hyperliquid Labs has confirmed that its registered headquarters are located in Singapore, where a team of approximately 11 people relocated in 2024. According to reporting by the Financial Times, the confirmation comes as the Monetary Authority of Singapore indicated it considers the decentralized platform outside its jurisdiction.

People familiar with the regulator's thinking cited the platform's decentralized nature as the basis for the position. In a direct response to the Financial Times, MAS stated that it is not aware of Hyperliquid being regulated in any major jurisdiction. Company documents and recent recruitment materials reviewed by the newspaper identified Singapore as the registered headquarters.

Regulatory Status and Investor Warning

Hyperliquid acknowledged that it operates without regulation and has never claimed to hold authorization from MAS. The platform reiterated its willingness to work constructively with regulators and institutions to support clear rules for on-chain finance.

The development follows MAS adding Hyperliquid to its Investor Alert List on June 26, an entry that names both the Hyper Foundation website and the trading application. The regulator describes the list as a notice regarding entities that investors may mistakenly believe are authorized or regulated by the authority. Responding to the listing, Hyperliquid stated that an inclusion does not constitute a ban, enforcement action, or finding of wrongdoing.

U.S. Access Proposals

Meanwhile, Kraken parent Payward announced proposals for regulated Hyperliquid perpetual markets for eligible U.S. customers, subject to regulatory approval. The arrangement would involve Bitnomial Exchange and Bitnomial Clearinghouse creating and administering contracts, while utilizing Hyperliquid’s on-chain order book for matching transactions.

Key facts

• Hyperliquid Labs confirmed its registered headquarters in Singapore following a 2024 relocation.
• The Monetary Authority of Singapore considers the decentralized platform outside its jurisdiction.
• MAS added Hyperliquid to its Investor Alert List on June 26 without imposing a ban.
• Payward proposed regulated Hyperliquid-based markets for eligible U.S. customers pending approval.