Traders on Hyperliquid can now access S&P 500 perpetual futures through a licensing agreement between S&P Dow Jones Indices and Trade[XYZ], enabling international investors to engage in leveraged speculation on US stock indices 24/7 through native digital products settled in USDC. The platform's native token HYPE traded at approximately $43 on the day, up 7%. This move expands Hyperliquid's physical asset product line, with physical assets previously accounting for 5.5% of its $215 million daily trading volume. Traditional financial institutions are showing growing interest in on-chain derivatives.