Hyperliquid Says It Is Registered in Singapore as MAS Calls Platform Outside Its Jurisdiction
Hyperliquid told the Financial Times that it is officially registered in Singapore, while the Monetary Authority of Singapore (MAS) said the platform falls outside its jurisdiction because it is decentralized, according to Cointelegrap.
Hyperliquid Says It Is Registered in Singapore
Hyperliquid has told the Financial Times that the platform is officially registered in Singapore. The statement places the decentralized trading platform within Singapore's corporate registration framework while raising a separate question over whether it is subject to oversight by the country's financial regulator.
According to the report, the Monetary Authority of Singapore, or MAS, takes the position that Hyperliquid falls outside its jurisdiction. The regulator's stated basis is the decentralized nature of the platform.
Registration and Regulatory Jurisdiction
The information distinguishes between Hyperliquid's reported registration in Singapore and the MAS position on regulatory jurisdiction. While Hyperliquid says it is officially registered in the country, MAS says the platform is outside the regulator's jurisdiction because it is decentralized.
The source does not provide additional details on the nature of Hyperliquid's Singapore registration, the specific regulatory framework cited by MAS, or any enforcement action involving the platform. It also does not state that MAS has approved or licensed Hyperliquid.
The differing positions reported by the Financial Times concern Hyperliquid's status in Singapore: the platform says it is officially registered there, while MAS says its decentralized structure places it outside the regulator's jurisdiction.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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