The new derivative allows eligible non-US users to trade leveraged exposure to the index around the clock using official data on a decentralized platform.
S&P Dow Jones Indices has licensed its S&P 500 Index to Trade[XYZ] for the launch of a perpetual futures contract on Hyperliquid, in what the company described as the first officially licensed onchain product offering continuous, leveraged exposure to the index for eligible non-US users.
According to Wednesday’s announcement, contract allows eligible non-US traders to take long or short positions on the index without an expiry date, with markets operating continuously outside traditional exchange hours using official index data from S&P Dow Jones Indices.
The contract also brings equity index exposure onto Hyperliquid, extending the use of perpetual derivatives beyond cryptocurrencies into traditional financial benchmarks.
