Shares of Hyperliquid Strategies (NASDAQ: PURR) rose 8% following a new U.S. Securities and Exchange Commission (SEC) ruling.
The SEC issued a five-year Innovation Exemption permitting tokenized U.S. stock trading on public blockchains. This order allows the use of automated market makers for these digital assets.
Designated Tokenized Securities Venues may now operate without registering as traditional national securities exchanges. Hyperliquid technology aligns with SEC requirements for auditable smart contracts on permissionless blockchains.
Market participants view the move as a significant step in bridging traditional finance with blockchain technology.