S&P 500 Perpetual Futures Launch on Hyperliquid with Official Licensing

S&P Dow Jones Indices has licensed its S&P 500 Index to Trade[XYZ] to launch a perpetual futures contract on Hyperliquid. The product provides the first officially licensed onchain option for continuous, leveraged exposure to the index for eligible non-US users.

The contract allows eligible non-US traders to take long or short positions without an expiry date, with markets operating continuously outside traditional exchange hours and using official index data from S&P Dow Jones Indices. It brings equity index exposure onto Hyperliquid, extending the use of perpetual derivatives beyond cryptocurrencies.

Trade[XYZ] said its onchain markets have processed more than $100 billion in volume since October 2025, with an annualized run rate topping $600 billion. The index maker previously teamed with Centrifuge in July to put the S&P 500 onchain via proof-of-index infrastructure and a tokenized index fund built on blockchain systems.

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