Hyperliquid’s HYPE token climbed after a report that Intercontinental Exchange, the parent company of the New York Stock Exchange, is planning a new perpetual futures offering tied to infrastructure in the Hyperliquid ecosystem.

According to Bloomberg, ICE intends to work with Tradexyz on a perpetual futures product built on Hyperliquid’s blockchain. The report said the contracts are expected to track prices across stocks, equity indexes, commodities and currencies under the US regulatory framework.

Token gains follow partnership report

Market data cited in the source article showed HYPE trading at about $89.56 as of 10:02 p.m., up 11.25% over the previous 24 hours. Over the past seven days, the token was reported to be roughly 14.9% higher.

The move came after news of the planned ICE collaboration circulated. The source article linked the token’s advance to Bloomberg’s report on the proposed product.

ICE said to be working with Tradexyz

Bloomberg reported that ICE plans to launch the product with Tradexyz, which provides perpetual futures infrastructure within the Hyperliquid ecosystem. Under that plan, Hyperliquid’s blockchain would be used as the base infrastructure for the offering.

The proposed contracts would be linked to prices for stocks, equity indexes, commodities and currencies. That would place the product across several major asset categories rather than limiting it to crypto-native markets.

US framework is central to the plan

A notable part of the report is that ICE selected Tradexyz to roll out perpetual futures under the US regulatory framework. The source article also noted that neither Hyperliquid nor Tradexyz currently offers services to users in the United States.

That combination makes the reported structure significant: the product is described as using Hyperliquid-based infrastructure while being launched through ICE in a framework intended for the US market. The source, however, did not provide a launch date, contract specifications or additional regulatory details.

What is confirmed so far

At this stage, the key confirmed points are limited to the reported plan and the market reaction that followed. ICE has been identified as the company preparing the product, Tradexyz as the partner, and Hyperliquid’s blockchain as the intended infrastructure layer.

No further operational timeline was included in the source material. For now, the next concrete step would be additional details from ICE, Tradexyz or Hyperliquid on when the perpetual futures product may launch and how the contracts will be structured.

Source: en.bloomingbit.io