TechFlow reported on June 15, citing official information, that Ventuals, a pre-IPO trading platform in the Hyperliquid ecosystem, has announced that it will cease operations. The team said it will join another building team within the Hyperliquid ecosystem, while the existing Ventuals markets and user programs will move into a closing process.
Operational shutdown and HIP-3 market settlement
According to the announcement, all HIP-3 markets deployed by Ventuals will be settled as planned over the coming days and will then stop trading. The statement describes a scheduled wind-down of the platform’s markets rather than a continuation of trading activity.
Ventuals also outlined how vHYPE holders will be handled during the closure. After all markets have been closed, vHYPE holders will be able to withdraw the HYPE they previously deposited at a 1:1 ratio. They will also receive accrued native staking rewards. The announcement did not state any additional token distribution mechanism.
Points, referrals and pre-IPO market timetable
The platform’s points program and referral program have been terminated effective immediately. Ventuals also stated that it will not launch a Ventuals token. This applies to users who had taken part in the points or referral programs, with those programs no longer continuing under the Ventuals platform.
For specific markets, the pre-IPO markets OPENAI and ANTHROPIC have had their mark prices frozen. They are scheduled to halt trading at 10:30 and 11:30 Eastern Time, respectively, on June 15. Commodity and index markets will be settled in sequence after the end of the regular trading session on June 18. These scheduled actions form the main closing process announced by Ventuals before the platform fully stops operating.