Silhouette Launches xStocks RFQ on Hyperliquid

The launch signals a notable step in merging tokenized equities with an established on-chain venue, potentially broadening access to US stocks outside traditional rails. The RFQ structure suggests an institutional tilt, likely targeting counterparties seeking liquidity without full order-book exposure. For Hyperliquid, it adds a real-world asset dimension to its derivatives-focused ecosystem, which could attract a different user base. The open question is whether liquidity providers can sustain tight quotes and whether regulatory friction emerges as this pipeline scales.