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Tokenized equities perpetuals on Hyperliquid; S&P-Dow Jones licensed for S&P 500.
ProjectLiveTokenized equities perpetuals on Hyperliquid; S&P-Dow Jones licensed for S&P 500.
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Tokenized equities perpetuals on Hyperliquid; S&P-Dow Jones licensed for S&P 500.
Trade.xyz operates as a HIP-3 builder, deploying tokenized equity perpetuals on Hyperliquid. The product secured S&P Dow Jones licensing for S&P 500 perpetuals (announced 2026-03-18) — the first such license in on-chain perpetuals. Expected Phase 2 HIP-4 builder candidate given its existing builder-economics footprint.
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HIP-3 builder operating tokenized equity perpetuals
S&P Dow Jones licensed for S&P 500 perpetuals (2026-03)
24/7 trading on traditionally market-hours-gated assets
Builder fee share up to 50% on top of Hyperliquid base fees
Cross-margin with HL perps + spot + (future) HIP-4 outcomes
Official Polymarket widget service that provides real-time prediction market data tickers for livestreams, websites, and mobile apps with seamless OBS integration.
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Official Polymarket widget service that provides real-time prediction market data tickers for livestreams, websites, and mobile apps with seamless OBS integration.
Create and Predict Everything
Chains: Solana
Model: Hybrid: order book, AMM, and pari-mutuel
Peer-to-peer social sports betting marketplace where users bet against other users, not the house.
AI-powered event and token-launch markets with agent tooling on Base.
Chains: Base, Ethereum
Trade.xyz brings tokenized-equity perpetuals to Hyperliquid under an S&P Dow Jones license for the S&P 500 — the only HIP-3-adjacent frontend offering licensed index exposure inside a unified-margin HyperCore account. The product fit is narrow on purpose. Hyperliquid traders running a directional crypto book on perps can now layer S&P 500 perp exposure into the same account without bridging to a tokenized-equity venue or running a separate brokerage stack. That cross-product margining is the structural advantage, and the S&P licensing is the legal moat — most tokenized-equity products run unlicensed and carry that exposure on their face. The structural ceiling is geo-restriction and product breadth. US users cannot legally access the perpetuals surface on a non-DCM venue, and the index list is currently narrow versus a full brokerage. Trade.xyz is positioned as a Phase 2 builder candidate once HIP-4 opens permissionless market deployment, but its primary surface today is HIP-3 tokenized perps. The right user is a non-US Hyperliquid-native trader wanting licensed index exposure alongside crypto perps; for broader equity coverage a traditional brokerage remains the substitute.
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