A subsidiary of Nasdaq-listed Hyperliquid Strategies has applied to become a CFTC-registered futures commission merchant to hold US client accounts for permissioned Hyperliquid markets. CEO David Schamis described the filing and the firm’s $802 million quarterly deployment, primarily into HYPE, as “the same bet.” The company held about 38.5 million HYPE at the end of September, worth roughly $3.5 billion, and could build a brokerage business beyond simply holding tokens. The initiative joins efforts by Payward and Intercontinental Exchange to bring Hyperliquid-based perpetual futures to the US, pending regulatory approval of the broker and the markets.
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