Hyperliquid confirms Singapore base, but MAS says it is not the regulator
Hyperliquid's unregulated status in Singapore highlights the challenges and risks in the evolving decentralized finance landscape.
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What happened
Hyperliquid’s unregulated status in Singapore highlights the challenges and risks in the evolving decentralized finance landscape.
Reported details
- Hyperliquid’s unregulated status in Singapore highlights the challenges and risks in the evolving decentralized finance landscape.
- The FT reports that people familiar with MAS’s thinking consider the decentralized venue outside its jurisdiction. Singapore’s rules distinguish crypto derivatives on approved exchanges from those offered elsewhere.
Why this matters
Hyperliquid sits on the regulatory side rather than the structural side: the useful question is which dated rule, if any, follows this notice, and who wrote it. A rule that is not published yet changes nothing about who may act today, so treat the pending text as pending rather than as settled.
Evidence boundary
The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.
What to verify
Before acting on Hyperliquid, read the dated rule text itself rather than a summary of it, and note which agency wrote it and whether the comment period is still open.
Sources and editorial check time
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Crypto Briefing RWA: https://cryptobriefing.com/hyperliquid-singapore-headquarters-mas-license/
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The Defiant Live: https://thedefiant.io/news/regulation/hyperliquid-confirms-singapore-base-but-says-it-has-no-mas-license
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Editorial source check time: 2026-10-07T17:23:57.408Z
This information is educational and is not financial, legal, or tax advice.