Hyperliquid to Launch New Equity-Linked Tokens
International investors will gain access to 11 new debt-based tokens tracking U.S. stocks and indexes starting October 26.
Updated on Oct. 25, 2026 in Investing
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Hyperliquid is launching 11 new USDC-denominated spot markets on October 26, 2026, featuring tokens that represent share-backed debt claims. These instruments track major U.S. technology companies and two stock market indexes.
Why it matters
The new offerings provide a mechanism to track equity performance through debt instruments issued by a segregated portfolio company in the British Virgin Islands. Households outside of the United States should note that these products are backed one-to-one by shares.
The platform is launching 11 spot markets, which include two index tokens (EQSPY and EQQQQ) and nine individual equity-linked tokens. Each of these debt instruments is backed one-to-one by shares held in the British Virgin Islands.
The players
Hyperliquid
A digital asset trading platform that provides spot and derivative market access.
EQX Labs
The provider of tokenized debt instruments that track equity-based performance.
The details
These products function as limited-recourse debt instruments that mirror the performance of specific stocks and indexes. Each token serves as a debt claim on underlying shares, allowing holders to track assets such as Nvidia, Tesla, and the S&P 500 without direct equity ownership. Access to these markets is restricted to non-U.S. persons.
Timeline
Trading for the new markets begins on October 26, 2026.
Market trading opens at 9:30 a.m. ET.
Money Landscape
The introduction of these tokens follows a broader trend of integrating traditional equity market movements into digital asset ecosystems. These instruments expand the range of debt-based claims available to investors seeking indirect exposure to global indices.
Investors should review their regional eligibility, as these specific debt instruments are unavailable to U.S. persons. Consult with a financial professional to understand how limited-recourse debt structures fit into your broader international portfolio strategy.
The takeaway
These instruments offer a specialized way to track equity performance through debt claims. Before exploring these markets, confirm your eligibility and verify that these foreign-issued instruments align with your overall risk tolerance.
Further reading
Learn more about asset performance and market mechanisms in our Investing section.
Source note: This article includes information reported by TokenPost.
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