TREE NEWS update: Hyperliquid has confirmed it is based in Singapore but holds no license from the Monetary Authority of Singapore. People familiar with MAS’s thinking consider the decentralized venue to be outside its jurisdiction, as Singapore’s rules distinguish crypto derivatives on approved exchanges from those offered elsewhere.
Hyperliquid Confirms Singapore Base but Says It Has No MAS License
AI take
The significance lies in the jurisdictional gap: a major decentralized venue can operate from a strict crypto hub without local authorization, because the regulator's rules hinge on where derivatives are offered rather than where the operator sits. That distinction affects both the venue and Singapore's standing as a base for offshore-facing platforms. The open question is whether MAS's view of its own jurisdiction holds as scrutiny of decentralized derivatives grows.
Generated by AI for reference only.
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