Payward plans CFTC-regulated perpetual markets on Hyperliquid, using Bitnomial and NinjaTrader Clearing

Payward, the parent company of Kraken, has announced a strategic plan to launch the first CFTC-regulated HIP-3* deployer on Hyperliquid ’s decentralized trading platform, pending regulatory approval. If approved, this structure would cater to US investors seeking access to perpetual futures markets via a fully regulated framework. The proposal involves several regulated entities within the Payward group. Bitnomial, a CFTC-regulated exchange and derivatives clearing organization, would assume the central role as deployer, taking charge of market creation, ownership, and administration. In tandem, NinjaTrader Clearing, an entity registered with the CFTC as a futures commission merchant, is set to manage client accounts. Each component of the structure operates under its own CFTC registration status, separating the oversight of market operations and client accounts across independent regulated subsidiaries.

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