Hyperliquid responded after the Monetary Authority of Singapore (MAS) added the decentralized trading protocol to its Investor Alert List (IAL). It says the listing does not constitute enforcement action or indicate any regulatory inaccuracy.
In a statement published on 26 JuneHyperliquid said the IAL aims to identify entities that may be mistakenly perceived to be licensed or regulated by MAS. It was also added that the list includes many centralized exchanges and decentralized finance protocols.
The response came shortly after MAS announced that Hyperliquid had been included on the Investor Alert List. The list warns consumers about entities thought to be providing regulated financial services without authorization.
Bybit was placed on a similar list earlier in the month.
Hyperliquid says it never requested MAS authorization
Hyperliquid said it was a permissionless infrastructure and had never claimed to be licensed or authorized by MAS.
The protocol emphasized that nothing about its network had changed following the listing. He added that while transactions are carried out transparently on-chain, users continue to keep their assets to themselves.
It was also stated that the ecosystem remains committed to engaging constructively with regulators and institutions on a global scale. He supported open regulatory frameworks for on-chain finance.
MAS uses alert list to inform investors
MAS maintains the Investor Alert List to highlight entities that may be perceived by consumers as licensed or otherwise regulated in Singapore based on information available to the regulator.
Inclusion on the list is not, in and of itself, a prohibition, an enforcement action, or a finding of misconduct.
The regulator periodically updates the list as part of its efforts to help investors distinguish between regulated entities and those not authorized under Singapore’s financial services framework.
Final Summary
- Hyperliquid said Singapore’s inclusion on the Investor Alert List does not constitute enforcement action. He also stated that he never requested MAS authorization.
- MAS said the list is intended to help consumers identify entities that may be mistakenly perceived to be regulated in Singapore.
