Do I own Tesla stock on Hyperliquid?

No. You trade an equity perpetual — a leveraged derivative on Tesla's price via the trade.xyz builder. There is no share or dividend.

A Hyperliquid framework that lets builders launch their own perpetual markets, including the equity perps offered by trade.xyz.

Is Hyperliquid custodial?

No. It is an on-chain DEX; you trade from your own self-custodied wallet.

Exchange

Hyperliquid

Hyperliquid is an on-chain perpetuals DEX. Equity exposure comes via on-chain equity perps built on its HIP-3 framework — e.g. builder trade.xyz lists 24/7 perps on Tesla, Apple, Nvidia and Amazon plus a Nasdaq index. Leveraged derivatives, no ownership.

PerpA perpetual future tracking the stock's price. A derivative with no expiry, funding fees and leverage — not ownership.Live

What you actually own on Hyperliquid

No equity at all — Hyperliquid is an on-chain perpetuals DEX. Stock exposure comes from equity perps built on its HIP-3 framework: for example the builder trade.xyz lists 24/7 perpetual contracts on Tesla, Apple, Nvidia and Amazon, plus a Nasdaq index. These are leveraged derivatives that track price, with no share, no dividend and no ownership.

Everything settles on-chain and trades around the clock. As with any perp, you post margin, pay or receive funding, and face liquidation if the position moves against you.

Learn what you own first

Key facts at a glance

Product type

Equity perpetual futures (on-chain)

Framework

HIP-3 (builder: trade.xyz)

Markets

TSLA, AAPL, NVDA, AMZN perps + a Nasdaq index

What you own

Nothing — leveraged price exposure

Settlement

On-chain, 24/7

Custody

Self-custodied wallet

How it works

HIP-3 lets independent builders deploy their own perpetual markets on Hyperliquid; trade.xyz is the builder offering the equity perps. You interact with a decentralized order book from your own wallet rather than through a custodial broker.

Pros

Fully on-chain and self-custodial
24/7 trading with leverage
No custodial broker intermediary

Cons

No ownership, dividends or shareholder rights
Leverage and funding risk; positions can be liquidated
Smart-contract and builder risk

Hyperliquid FAQ

Stocks on Crypto Research· Editorial team

Our research team tracks how crypto exchanges list equities and what each product legally represents — real shares, tokenized stocks, CFDs and tokenized RWAs. We test platforms and read the fine print so you know exactly what you own.

Last reviewed on June 30, 2026