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When PURR CEO David Schamis first pitched Hyperliquid to Goldman Sachs earlier this year, the response was blunt: "Are you crazy? What even is Hyperliquid?" Schamis told HLglobal_ on Sept. 1.
That skepticism did not last. Goldman went on to publish research on the platform and hosted a gathering of roughly 20 investors, including Point72 and Citadel, two of the biggest names in institutional trading.
Why it matters
The shift marks a step change in how TradFi treats decentralized perpetuals exchanges. Schamis said institutional interest is now expanding beyond simply gaining exposure to HYPE toward directly researching and using the Hyperliquid platform itself.
When banks that once asked "what even is Hyperliquid?" start producing research and convening Citadel and Point72 around it, the platform moves from crypto-native curiosity to a named counterparty candidate on institutional watchlists.
Market impact
Institutional adoption of this kind typically flows into the token first, then into the platform's volumes and order flow. Watch whether Goldman's research coverage extends into direct participation on the exchange, and whether other bulge-bracket banks follow with their own coverage of the HYPE ecosystem.
Frequently asked questions
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What did Goldman Sachs initially say about Hyperliquid?
When PURR CEO David Schamis pitched Hyperliquid to Goldman Sachs earlier this year, the response was: "Are you crazy? What even is Hyperliquid?"
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How has Goldman Sachs' view of Hyperliquid changed?
Months after the initial pitch, Goldman published research on Hyperliquid and hosted a gathering of roughly 20 investors, including Point72 and Citadel.
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Which institutional investors attended Goldman's Hyperliquid session?
Around 20 investors attended, with Point72 and Citadel specifically named among them.
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What is shifting in institutional interest toward Hyperliquid?
According to Schamis, institutional interest is expanding beyond simply gaining exposure to the HYPE token toward directly researching and using the Hyperliquid platform itself.
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Who is David Schamis?
David Schamis is the CEO of PURR, who pitched Hyperliquid to Goldman Sachs earlier this year and discussed the bank's changed stance in a Sept. 1 interview with HLglobal_.
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