Payward to become first CFTC-regulated HIP-3 deployer on Hyperliquid

The significance here is structural rather than product-level: a CFTC-regulated entity deploying on a decentralized venue tests whether permissioned on-chain markets can satisfy U.S. compliance expectations. That matters most for U.S. customers currently outside Hyperliquid's reach and for other regulated brokers weighing similar deployments. The open questions are whether the whitelist mechanism ships as described, how preliminary specs evolve, and whether this becomes a template or a one-off. With the first version only on testnet, the compliance-to-on-chain bridge remains unproven.