Singapore2026.10.07Block Media

Headquartered in Singapore, but Regulated Nowhere? Hyperliquid's 'Jurisdiction Controversy' -FT

• The Financial Times reported on October 6 (local time) that Hyperliquid, a decentralized derivatives exchange, is headquartered in Singapore but not subject to oversight by local financial regulators.
• The Monetary Authority of Singapore (MAS) stated it was not aware that Hyperliquid is regulated by financial authorities in major jurisdictions.
• The mismatch between Hyperliquid's corporate location and its actual regulatory status is fueling controversy over how DeFi platforms should fit into existing financial regulatory frameworks.