EQX Labs Launches Hyperliquid Tokenization Protocol for US Stocks and ETFs

EQX Labs has officially launched the EQX product, issuing tokenized US stocks and ETFs on Hyperliquid's HyperCore according to the HIP-1 token standard. The first batch of 11 trading markets will go live on Hyperliquid's public order book, supporting 24/7 permissionless trading. The EQX tokens are fully backed 1:1 by stocks held by custodians connected through DTC, including Alpaca, StoneX, and ClearStreet. The product does not charge additional fees to issuers, and traders only need to pay Hyperliquid's standard spot trading fees.

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