Exchange

Hyperliquid

Hyperliquid is an on-chain perpetuals DEX. Equity exposure comes via on-chain equity perps built on its HIP-3 framework — e.g. builder trade.xyz lists 24/7 perps on Tesla, Apple, Nvidia and Amazon plus a Nasdaq index. Leveraged derivatives, no ownership.

PerpA perpetual future tracking the stock's price. A derivative with no expiry, funding fees and leverage — not ownership.Live

What you actually own on Hyperliquid

This hub will cover how Hyperliquid structures stock exposure, who custodies the underlying, fees and spreads, supported countries, and the fine print that decides your rights as a holder. Detailed sections are in progress.

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Understand the model first

Real Shares vs Tokenized Stocks vs CFDsThe difference between owning a real share, a tokenized stock, and a CFD — and why it changes your rights, risks and taxes.

What Are Binance bStocks?How Binance's bStocks work — BEP-20 tokenized stock certificates backed 1:1 under ADGM — and how they differ from real share ownership and from Binance Stocks.

What Is Ondo Finance?How Ondo tokenizes real-world assets and stocks, who issues the tokens, and what backs them.

Are Tokenized Stocks Legal?The regulatory status of tokenized stocks across major jurisdictions, and what to check before you buy.