On June 26, the Monetary Authority of Singapore (MAS) added the perp-DEX site Hyperliquid to its Investor Alert List, which includes services that may be mistakenly perceived as licensed.
Source: MAS.The list also includes the website of the Hyper Foundation.
Representatives of the decentralized exchange stated that being included in the list does not imply a ban on operations or enforcement actions by MAS.
Hyperliquid has been added to the MAS's Investor Alert List (IAL). IAL listing does not constitute a ban, an enforcement action, or a finding of wrongdoing. The IAL provides a list of entities that, based on information available to MAS, may be wrongly perceived as being licensed…
— Hyperliquid (@HyperliquidX) June 26, 2026
“The regulator's list includes many major exchanges and DeFi protocols. Hyperliquid is a public infrastructure. It does not have, nor has it ever claimed to have, a license or authorization from MAS, and no one should consider it as such. Nothing has changed on the network. As with other open-access blockchains, users store their assets themselves, and transactions are processed transparently,” the platform's team noted.
Since the beginning of summer, CEXs KuCoin and Bitget have also appeared on the list.
Recall that in June 2025, Singapore's regulator mandated crypto companies to obtain a license as digital token service providers. Otherwise, they must cease servicing overseas clients.