Hyperliquid Added to Singapore’s Investor Alert List, Platform Clarifies No Regulatory Breach
Hyperliquid, a perpetual futures platform, has been added to the Investor Alert List (IAL) maintained by the Monetary Authority of Singapore (MAS). The platform has clarified that this inclusion does not signify a regulatory violation, enforcement action, or ban.
In a statement released on X, Hyperliquid emphasized that its appearance on the IAL should not be construed as an indication of wrongdoing. The platform explained that the list is designed to identify entities that might be mistakenly perceived as being licensed, authorized, or regulated by the MAS.
Hyperliquid noted that several prominent cryptocurrency exchanges and decentralized finance protocols have previously been featured on the list. According to the MAS, the Investor Alert List comprises entities that, based on available information, may be wrongly assumed to be licensed or regulated by the central bank.
The regulator further stated that the list may also include entities offering investments or investment-related products that could be mistakenly viewed as authorized, recognized, registered, or accompanied by documentation lodged with the MAS.
Responding to the development, Hyperliquid asserted its status as permissionless infrastructure, stating that it has never claimed to be licensed or authorized by the MAS. The platform advised users not to consider it as holding such approvals. Hyperliquid also highlighted that users retain self-custody of their assets, and all network transactions remain transparent and are fully settled on-chain.
“The Hyperliquid ecosystem remains committed to engaging collaboratively and constructively with regulators and institutions globally and to supporting clear, well-designed frameworks for onchain finance,” the platform stated.
Earlier this month, the MAS also placed Bybit Fintech Limited on its Investor Alert List. Bybit responded by stating its ongoing regular and constructive engagement with the MAS and detailing measures implemented to restrict access for users in Singapore. These measures include modifications to its terms of service and geo-blocking of Singaporean IP addresses.
Hyperliquid’s native token, HYPE, showed minimal reaction to the news. HYPE traded around $62 over the past 24 hours. The token had previously reached over $75 in mid-June before experiencing a decline amid broader market volatility.
Meanwhile, institutional demand for the token appears to remain robust. Data from SoSoValue indicated that U.S. spot HYPE ETFs recorded net inflows exceeding $108 million on June 25, marking the largest single-day inflow since their launch last month. These inflows followed five trading days in June that saw no net flows.
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