{
  "id": 7088016,
  "title": "Hyperliquid climbs as Bitwise touts tokenisation scale",
  "url": "https://urgent.news/2026/09/13/hyperliquid-climbs-as-bitwise-touts-tokenisation-scale",
  "topic": "world",
  "section": "World",
  "published": "2026-09-13T07:41:06.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/hyperliquid-climbs-as-bitwise-touts-tokenisation-scale/"
  },
  "original_language": "en",
  "account": "Hyperliquid's HYPE token has recently hit record levels, buoyed by higher derivatives activity, institutional investments, and a buyback mechanism funded by token fees. CEO Matt Hougan stated that tokenized real-world assets could reach $200 trillion in the future. HYPE reached an all-time high of $88-$90 this month, with its market value nearing $20 billion. The rally was driven by Hyperliquid's core perpetual-futures business, where trading activity fuels token buybacks through the Assistance Fund. Institutional demand has grown, with US-listed HYPE ETFs attracting investments and individual wallets accumulating HYPE for staking. Bitwise launched a spot HYPE ETF in May, providing regulated exposure to the token. Hougan sees Hyperliquid as a multi-asset trading platform due to HIP-3, which enables independent builders to launch perpetual markets for various assets beyond cryptocurrencies. Hougan's $200 trillion valuation is part of his broader thesis on tokenizing $600 trillion worth of global assets, including equities, bonds, and real estate. He has estimated that institutions, including pension funds and central banks, hold $100-$200 trillion in assets, which could significantly flow into digital assets like HYPE with minor allocations.",
  "summary": "Hyperliquid’s HYPE token has remained close to record levels after a sharp September advance, supported by rising derivatives activity, institutional investment products and a fee-funded buyback mechanism, while Bitwise chief investment officer Matt Hougan has separately argued that tokenised real-world assets could eventually reach $200 trillion. HYPE touched an all-time high around $88-$90 this…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}