EQX Launches First 11 Markets on Hyperliquid

Tokenized US stock issuer EQX Labs has announced the launch of EQX, which will issue tokenized US stocks and ETFs in the form of HIP-1 tokens on Hyperliquid's HyperCore. The first 11 markets will soon open for 24/7 trading on Hyperliquid's public order book, allowing tokens to be traded without permission. The EQX token is issued by EQX SPC Ltd. in the British Virgin Islands and is classified as a limited recourse note backed by stocks, with each code corresponding to an independent portfolio. Authorized participants can exchange between shares and tokens, with no fees charged by the issuer. The supported assets are held on a 1:1 basis by custodians connected to DTC, currently including Alpaca, StoneX, and Clear Street. Shares awaiting delivery will be displayed separately as in transit and should be settled on the next US business day. Holders can submit voting instructions via on-chain signatures, and dividends will be automatically reinvested in the same stock after withholding taxes. Stock splits will be reflected in the supported shares. Once Hyperliquid's proposed HIP-1 expansion goes live, EQX plans to directly allocate dividends to holders' accounts. There are no issuer fees for creation, redemption, and holding, and trading is subject only to Hyperliquid's standard spot trading fees, supported by transaction fees shared with HIP-1 deployers by Hyperliquid.

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