On June 26, the Monetary Authority of Singapore (MAS) added the website perp-DEX Hyperliquid to its list of services that may be mistakenly perceived as licensed.
The website of the organization Hyper Foundation was also included in the list.
Representatives of the decentralized exchange stated that being listed does not imply a ban on operations or enforcement actions by MAS.
Hyperliquid has been added to the MAS’s Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed…
— Hyperliquid (@HyperliquidX) June 26, 2026
“The [regulator’s] list includes many large exchanges and DeFi protocols. Hyperliquid is public infrastructure. It does not have and has never claimed to have a license or authorization from MAS, and no one should consider it as such. Nothing has changed on the network. As with other open-access blockchains, users hold their assets, and transactions are processed transparently,” the platform team noted.
Since the beginning of summer, the list has included CEX KuCoin and Bitget.
In June 2025, the Singapore regulator required crypto companies to obtain a digital token service provider license. Otherwise, they must cease serving foreign clients.
