Odaily Planet Daily reports that EQX Labs has officially launched the EQX product, which will natively issue tokenized U.S. stocks and ETFs on Hyperliquid’s HyperCore following the HIP-1 token standard. The first 11 trading markets will go live on Hyperliquid’s public order book, enabling permissionless 24/7 trading. EQX tokens are 1:1 fully backed by stocks held by custodians integrated with DTC, including Alpaca, StoneX, and ClearStreet; the product incurs no additional fees from the issuer, and traders only pay Hyperliquid’s standard spot trading fees.
EQX Labs Launches Hyperliquid Protocol for Tokenized U.S. Stocks and ETFs
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Summary
EQX Labs has launched the EQX product, enabling tokenized U.S. stocks and ETFs on Hyperliquid’s HyperCore under the HIP-1 standard. Initial markets will appear on Hyperliquid’s public order book, supporting 24/7 trading. EQX tokens are 1:1 backed by DTC-connected custodians such as Alpaca and StoneX. Traders pay only Hyperliquid’s standard fees. As trading volume increases, this development could impact the Fear & Greed Index.
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