Payward Plans U.S. Hyperliquid Perpetuals Through Licensed Firms

Kraken parent Payward plans to offer U.S. customers perpetuals built on Hyperliquid through licensed affiliates, a structure that would bring the protocol’s trading infrastructure into a regulated U.S. market if approved. Bitnomial would deploy and manage the markets, as well as clear and settle contracts. It holds designated contract market and derivatives clearing organization licenses. NinjaTrader Clearing, a futures commission merchant, would carry customer accounts and provide access to the trading venue. The proposal remains subject to approval. The two roles separate market operations from the customer account relationship.