Singapore's Regulator Puts Hyperliquid on Notice Over Unlicensed Operations

Singapore's top financial regulator has put Hyperliquid on notice, adding the high-speed trading platform to its Investor Alert List. The Monetary Authority of Singapore (MAS) flagged Hyperliquid as neither licensed nor authorized to operate in the city-state.

The move doesn't ban Hyperliquid outright, but it does inform Singaporean users that if things go sideways on the platform, MAS protections won't be there to catch them. This is because being on the list means the platform hasn't gone through Singapore's regulatory gatekeeping process, which covers capital requirements, anti-money laundering compliance, and consumer safeguards.

Hyperliquid is a Layer-1 blockchain purpose-built for perpetual futures and spot trading, with its native token HYPE playing multiple roles in the ecosystem. The platform has a small team of 11 employees, managing billions in trading volume, and operates out of the Cayman Islands.