Update
Payward to Deploy CFTC-Regulated Perpetual Futures Markets
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. If approved, Bitnomial, Payward's CFTC-regulated DCM and DCO, would act as the HIP-3* deployer, creating, owning, and administering the markets and clearing and settling the contracts. NinjaTrader Clearing, Payward's CFTC-registered FCM, would carry client accounts. HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers, and its use is optional and up to the deployer. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.