Hyperliquid’s Singapore Registration Conflicts With MAS Position
The distinction between company registration and regulatory oversight matters for how users and markets assess decentralized trading platforms.
Every Zipp story tagged #MAS, newest first.
The distinction between company registration and regulatory oversight matters for how users and markets assess decentralized trading platforms.
By aligning with the GENIUS Act and MiCA on reserves and yield, MAS is closing the door on offshore issuers while opening a narrow path for foreign tokens that meet the same bar.
The Japanese financial group's Singapore subsidiary clears a full MAS review, folding Coinhako into a regional crypto footprint that already spans Japan, Vietnam, and the Middle East.
SBI now owns the parent of one of Singapore's regulated retail crypto venues, folding a MAS-licensed exchange into a group that already runs a domestic crypto trading unit in Japan.
The MAS action targets marketing language rather than core protocol mechanics, but it lands as the perps DEX courts institutional flow and US regulators sketch perp venue rules.
Hyperliquid's core team is largely Singapore-based, so an MAS alert listing is more than a public warning: it raises the real prospect of a forced relocation from the city-state.
The Monetary Authority of Singapore added Bybit Fintech Limited to its Investor Alert List on June 17, the regulator…