JUST IN: Coinbase CEO Brian Armstrong says "all asset classes are moving onchain."

Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts. HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback. Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

Hey, exciting things are coming. Understand timing and patience of all of community, through changes and cycles. As I noted historically, the community is very important. Anyways back to the lab.

we will and the team will.

Wrote about this in the newsletter a while back. Tokenized stocks are going to bring an insane amount of volume to chains, and this is exactly what I meant. Every venue that wants to trade these stocks needs the issuer's sign off. The SEC gave issuers a window to object to their shares trading on a venue, and that window is the whole game. xStocks has grown massively in the past 6 months, and it has done it the respectful way, issuer by issuer. That is why they are the ones adding pools by the thousand. Now look at what is stacking up on Ink. Ink + xStocks + the Hyperliquid partnership + the TGE + a Kraken IPO. That is a lot of speculation pointed at one chain. The builders at @inkfndhq, people like @cruelhandeth, are already building the unique products that capture this volume, like @Quotrons404. My angle in all of it is the liquidity. Liquidity providers are the vending machine owners of tokenized stocks. You stock the machine once, and every trade that runs through your pool pays you a little, all day, every day. When this volume shows up, I want to own the machines.