Hyperliquid Labs has confirmed to the Financial Times that its registered headquarters is in Singapore, while the Monetary Authority of Singapore said it does not view the platform as falling within its regulatory perimeter because of its decentralized nature. MAS also said it is not aware of Hyperliquid being regulated in any major jurisdiction. Hyperliquid said it is currently unregulated, has never claimed to be licensed or authorized by MAS, and is willing to engage constructively with regulators. According to the Financial Times, an around 11-person team led by co-founder Jeff Yan moved to Singapore in 2024, and company filings and recent job postings indicate the firm has an office there. MAS had previously placed Hyperliquid on its investor alert list on June 26, a list meant to warn the public about entities that could be mistaken for being licensed or regulated by MAS. Hyperliquid said at the time that inclusion on the list did not amount to a ban, enforcement action, or a finding of wrongdoing. Singapore will require locally based firms serving only overseas customers with digital token services to obtain a license from June 30, 2025, and MAS said such licenses will be granted only in very limited cases.
Hyperliquid Labs confirmed to the Financial Times that its registered headquarters is in Singapore, but the Monetary Authority of Singapore (MAS) said it does not consider the platform to fall under its regulatory remit because of its decentralized nature.
MAS said it is not aware of Hyperliquid being regulated in any major jurisdiction. Hyperliquid said it is currently unregulated, has never claimed to be licensed or authorized by MAS, and is willing to engage constructively with regulators.
Team moved to Singapore in 2024
According to the Financial Times, an approximately 11-person team led by co-founder Jeff Yan moved to Singapore in 2024. Company filings and recent job postings also indicate that Hyperliquid has an office in Singapore.
Previously added to MAS investor alert list
Earlier, on June 26, MAS placed Hyperliquid on its investor alert list. The list is used to warn the public about entities that may be mistaken for being licensed or regulated by MAS.
Hyperliquid said at the time that being added to the list did not constitute a ban, an enforcement action, or a finding of misconduct, and described itself as infrastructure that does not require a license.
Licensing rule takes effect on June 30, 2025
Starting June 30, 2025, Singapore will require locally based companies that provide digital token services only to overseas customers to obtain a license. MAS said such licenses will be issued only in very limited circumstances.
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