Hyperliquid confirmed that its headquarters is located in Singapore, and the MAS stated that it is not within the regulatory jurisdiction

Hyperliquid Labs confirmed to the Financial Times that its registered headquarters is located in Singapore, but the Monetary Authority of Singapore (MAS) stated that due to Hyperliquid's decentralized nature, it does not consider the platform to fall under its regulatory jurisdiction. MAS indicated that it is not aware of Hyperliquid being regulated in any major jurisdiction.

Hyperliquid stated that it is currently in an unregulated status, has never claimed to have obtained permission or authorization from MAS, and is willing to engage in constructive cooperation with regulatory authorities. According to FT, a team of about 11 people led by co-founder Jeff Yan has relocated to Singapore in 2024, and company documents along with recent recruitment information also indicate that it has an office in Singapore.

Previously, on June 26, MAS had listed Hyperliquid on its investor warning list, which is used to alert the public about entities that may be mistakenly believed to be licensed or regulated by MAS. Hyperliquid responded at that time that being listed does not constitute a ban, enforcement action, or determination of misconduct, and described itself as an unlicensed infrastructure. Singapore will require local companies providing digital token services only to overseas clients to obtain a license starting from June 30, 2025, and MAS stated that such licenses will only be issued in very limited circumstances.