TREE NEWS update: EQX plans to launch 11 tokenized stock and ETF markets on Hyperliquid, with the share-backed tokens trading on HyperCore against USDC. US persons are excluded under EQX’s eligibility rules. The announcement covers the structure and access restrictions of the planned markets.
EQX Plans 11 Tokenized Stock and ETF Markets on Hyperliquid
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AI take
The notable detail is the venue: HyperCore, Hyperliquid's own execution layer, rather than a generic tokenization wrapper, which puts equity exposure directly into a perp-style trading environment. The exclusion of US persons is the structural constraint that shapes everything else — it signals a compliance perimeter that keeps the product offshore while still targeting dollar-denominated stablecoin settlement. Whether share-backed tokens can hold their peg to the underlying equities outside regular market hours is the open question.
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