Payward to offer U.S. onchain perpetuals via Hyperliquid HIP-3, pending regulatory approval

Kraken parent Payward plans to offer onchain perpetual futures to eligible U.S. clients, starting with Hyperliquid HIP-3 markets, subject to regulatory approval ^{[1] [2]}.

Reporting describes the setup as running the markets on Hyperliquid’s public blockchain while Payward’s CFTC-regulated Bitnomial handles deployment, clearing, and settlement, and NinjaTrader Clearing carries client accounts; trading would be limited to users approved and whitelisted by both entities ^[1].

Crypto Briefing also characterized the Payward–Hyperliquid HIP-3 U.S. partnership as potentially reshaping U.S. crypto derivatives trading by integrating compliance processes with decentralized markets, though the same coverage framed it as contingent on the partnership/approval process ^{[3] [4]}.

Some outlets noted remaining uncertainty around the proposal, including that regulatory approval is still required and that the announcement concerns Hyperliquid HIP-3 markets rather than necessarily a specific token contract (no HYPE contract was announced) ^[5].