Hyperliquid to Launch 11 Tokenized US Stocks and ETFs on October 26

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Hyperliquid is set to launch 11 tokenized U.S. stocks and ETFs on October 26, marking a major token launch event in the on-chain news space. The tokens, issued by EQX Labs, include EQSPY, EQQQQ, and others tracking major companies such as NVIDIA, Tesla, Apple, and Microsoft. Trading will commence at 21:30 Beijing Time (9:30 AM ET). The tokens are backed 1:1 by underlying shares but are issued as limited-recourse debt instruments by a BVI entity and are not available to U.S. persons.

Huo Xing Finance reports that on October 25, Hyperliquid will launch tokenized U.S. stocks and ETFs issued by EQX Labs. The initial batch includes 11 HIP-1 spot markets, all priced in USDC, featuring EQSPY and EQQQQ, which track the S&P 500 and Nasdaq 100, respectively, as well as EQNVDA, EQTSLA, EQAAPL, EQMSFT, EQAMZN, EQGOOG, EQMETA, EQMU, and EQSPCX, corresponding to NVIDIA, Tesla, Apple, Microsoft, Amazon, Alphabet, Meta, Micron, and SpaceX. Trading will officially commence at 21:30 Beijing Time on October 26, which is 9:30 AM Eastern Time on the same day. The relevant tokens have already been registered and listed on the Hyperliquid mainnet but have not yet begun matching orders. Regarding issuance, EQX states that the tokens are 1:1 backed by underlying shares, legally structured as limited-recourse debt instruments issued by a segregated portfolio company in the British Virgin Islands; they do not represent direct ownership of stocks and are not available to U.S. persons.

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