Hyperion DeFi has committed 500,000 HYPE tokens to support institutional perpetual futures listings on Hyperliquid through a new agreement with Skew Technologies.
Summary
- Hyperion DeFi will deploy 500,000 HYPE tokens to support institutional perpetual futures markets on Hyperliquid.
- The agreement gives Hyperion an equity stake in Skew Technologies and a share of revenue from listing services.
- The partnership expands institutional use of Hyperliquid’s HIP 3 framework for launching custom perpetual markets.
According to a Wednesday press release, the Nasdaq-listed company will deploy the tokens under Hyperliquid’s HIP-3 permissionless listings framework while receiving an equity stake in Skew Technologies and a share of the listing-service revenue generated through the platform.
The companies said the partnership is intended to help institutional clients launch custom perpetual futures markets on Hyperliquid, a layer-1 blockchain focused on perpetual futures trading.
Hyperion expands role in Hyperliquid ecosystem
Under Hyperliquid’s HIP-3 framework, developers can create custom perpetual markets by posting HYPE as bonded capital, giving the token a use case beyond staking. The same infrastructure has recently been used to launch synthetic markets linked to assets outside crypto, including pre-IPO companies such as Chinese memory chipmaker ChangXin Memory Technologies.
Commenting on the agreement, Hyperion DeFi chief executive officer Hyunsu Jung said the company continued to receive requests from teams worldwide looking to launch and distribute new markets using Hyperliquid’s infrastructure while evaluating opportunities within HIP-3.
Rather than operating the markets directly, Skew Technologies will provide the listing service, while Hyperion contributes HYPE tokens required to support the permissionless listings under the agreement.
The arrangement also deepens Hyperion’s exposure to the Hyperliquid ecosystem beyond holding the token, with the company set to receive both an ownership interest in Skew and a portion of the revenue generated by the listing business.
Institutional activity around Hyperliquid continues to grow
The latest announcement comes as institutional interest in Hyperliquid has continued to expand across several areas of the ecosystem.
Earlier this month, Bitwise added HYPE to its Bitwise 10 Crypto Index ETF (BITW), placing the token inside one of the industry’s largest diversified crypto index products after its latest index rebalancing.
At the same time, Hyperliquid has been attracting new infrastructure partnerships. Circle and Coinbase recently deepened USDC integration on the network, making USDC the platform’s preferred stablecoin, although JPMorgan said this week that the revised revenue-sharing structure could reduce long-term reserve income retained by Circle and Coinbase even as USDC adoption grows.
Recent HIP-3 deployments have also extended beyond crypto-native assets. Last week, Hyperliquid introduced a synthetic perpetual market tied to ChangXin Memory Technologies ahead of its Shanghai listing, showing how the framework can support custom derivatives linked to real-world and pre-IPO assets without giving traders ownership of the underlying securities.
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