Hyperliquid based in Singapore, but MAS says it is outside regulatory scope

Hyperliquid Labs has been confirmed to list Singapore as its registered headquarters, the Financial Times reported. Singapore’s central bank, the Monetary Authority of Singapore, said Hyperliquid’s decentralized characteristics mean it is not viewed as being based in Singapore and does not fall under the regulator’s jurisdiction. MAS said it does not understand Hyperliquid to be regulated in any major jurisdiction. Hyperliquid also said it has never received a license or approval from MAS.