EQX Labs to Launch Tokenized US Stocks Trading on Hyperliquid, Excluding Direct Ownership
EQX Labs plans to introduce tokenized US stocks and ETFs on Hyperliquid with 24/7 trading, but without conferring direct ownership of the underlying shares.
EQX Labs plans to introduce tokenized US stocks and ETFs on Hyperliquid with 24/7 trading, but without conferring direct ownership of the underlying shares. Hyperliquid (HYPE) is trading at $81.20, up 1.4% since this brief published. This is an original TLT brief based on reporting by The Cryptonomist, with live market data added, as of Wed, 14 Oct 2026 20:30:05 UTC.
This development could expand access to US stock market exposure for crypto investors while operating within regulatory constraints, though the lack of direct ownership may limit its appeal for traditional investors.
- EQX Labs to offer tokenized US stocks and ETFs on Hyperliquid platform.
- 24/7 trading enabled but without direct ownership of underlying shares.
- Excludes US persons and operates under SEC's Innovation Exemption.
- Hyperliquid TVL at $329.01M, down 0.1% over past week.
EQX Labs has announced plans to introduce tokenized US stocks and ETFs on the 
Hyperliquid platform, enabling 24/7 trading for these instruments. This initiative aims to provide crypto investors with access to major US equities and ETFs in a tokenized form, though it will not confer direct ownership of the underlying shares.
The plan, announced on October 14, 2026, includes popular assets such as SPY, QQQ, and Apple, and will operate on Hyperliquid's native spot order book across 11 markets. Notably, the offering will exclude US persons, likely due to regulatory constraints.
Crypto.news reports that the initiative will operate under the SEC's five-year Innovation Exemption, requiring a 30-day notice period and compliance with the exemption's conditions. This suggests that while the platform seeks to innovate, it is also taking steps to ensure regulatory compliance.
As of the latest data, Hyperliquid's Total Value Locked (TVL) stands at $329.01 million, showing a slight decline of 0.1% over the past week, according to DeFiLlama. The native token HYPE is currently priced at $80.09, down 1.83% in the last 24 hours and 8.23% over the past week.
The broader crypto market remains in a state of flux, with the total market cap at $2.81 trillion and the Fear & Greed Index at 62, indicating 'Greed'. 
Bitcoin has seen a 24-hour decline of 1.89%.
Since this brief published about 6 hours ago, Hyperliquid (HYPE) has moved from $80.09 to $81.20 — +1.39%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₦110,900.12 (about $81.20), down 0.1% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 14, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
EQX Labs to Launch Tokenized US Stocks Trading on Hyperliqui — questions & answers
What is the key difference between EQX's tokenized stocks and traditional stocks?
EQX's tokenized stocks will not confer direct ownership of the underlying shares.
Which regulatory framework will govern the tokenized stock offerings?
The offerings will operate under the SEC's five-year Innovation Exemption.
What is the current TVL of the Hyperliquid platform?
Hyperliquid's TVL is $329.01 million, down 0.1% over the past week.
How much is 1 Hyperliquid worth in naira today?
About ₦110,900.12 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81.20. The naira price moves with both HYPE's US-dollar price and the USDT/NGN rate; use our Hyperliquid in naira page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 1.39% since this brief first published — trading at $81.20 now versus $80.09 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.