The institutional
gateway to
24/7 markets.
Keystone Markets is the compliant access layer and trading terminal connecting U.S. institutional capital to Hyperliquid — the first venue for continuous trading across crypto, equities, commodities, and prediction markets.
When traditional markets close, onchain becomes the reference.
In April 2026, amidst geopolitical volatility, Hyperliquid's oil perpetuals market became the only venue for real-time price discovery while traditional oil markets were closed, absorbing over $1.3B in daily volume as traders repriced oil against global events over the weekend.
By Monday's open, positioning and pricing had already been established onchain. Bloomberg referenced Hyperliquid's oil prints in its market coverage — effectively treating them as the pricing signal for CME's reopening.
A compliant institutional stack, built for 24/7 onchain markets.
Custody & Asset Control
Qualified custodians and trust company custody. Bankruptcy-remote segregation of client assets.
Access & Compliance
KYC · KYB · KYT · AML frameworks. Policy-driven permissions and multi-role approvals.
Capital Movement
Fiat-to-onchain collateral conversion. Instant, verifiable and automatic onchain settlement.
Trading Terminal
Institutional-grade trading terminal for crypto, commodities, and equities across spot and perps.
Reporting & Risk
Full audit trails. Real-time PnL and exposure. Tax and compliance reporting — download on demand.
Builder-Code Routing
Attributed orderflow through Hyperliquid's builder-code rails. Direct revenue alignment.
From trading firm to onchain execution — one compliant route.
Firm
Custodian
Markets
Code
Order Book
The constraint is no longer liquidity.
It is institutional access.
When U.S. institutional capital arrives — and it will — Keystone will be the gateway.
Built for institutions preparing for the next market era.
Request access to the Keystone institutional terminal. We’re working with a limited set of U.S. trading firms, allocators, and funds during our onboarding phase.