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Ventuals winds down
Ventuals, a trading platform specializing in tokenized unlisted stocks built on the Hyperliquid (HYPE) blockchain, announced it will cease operations and its team will join the Hyperliquid ecosystem.
“Ventuals, one of the more prominent experiments in tokenized private-company trading on Hyperliquid, is shutting down”
The shutdown begins with a phased closure starting June 18, when the platform will first close all futures markets for unlisted companies and initiate a final settlement process.
Users who have staked vHYPE through Ventuals will receive a 1:1 refund of their tokens on June 19, and the team confirmed there will be no separate token issuance related to this shutdown.
Cryptonews.net said the move halted trading in the OPENAI and ANTHROPIC perpetual markets on Hyperliquid, with all positions settled automatically, and it said other markets will be shutting down in the coming days.
Markets freeze and settle
The Defiant reported that Ventuals froze its OpenAI and Anthropic pre-IPO markets at trailing 24-hour time-weighted average prices of $1,341.80 and $1,618.90, then halted for trading at 10:30 a.m. and 11:30 a.m. ET.
It also said the platform’s commodity markets, including WHEAT and SOY, and its index markets, including MAG7 and SEMIS, are set to settle June 18.
AMBCrypto said Ventuals processed more than $650 million in trading volume and raised over 500,000 HYPE during its operation, and it described the shutdown as winding down all deployed HIP-3 markets over the coming days.
Coindesk said Hyperliquid processed roughly $234 billion in perpetual futures volume over the past month, citing DefiLlama data, as Ventuals’ closure signaled consolidation among HIP-3 market operators.
What users face next
Ventuals’ shutdown plan leaves depositors with a defined settlement path, with the platform stating that vHYPE holders can withdraw deposited HYPE at a 1:1 rate plus accrued staking yield after market settlements are completed.
“Foresight News reported that the Hyperliquid ecosystem perpetual contract platform Ventuals announced via Twitter that it will shut down the platform”
The Defiant added that the points and referral programs are discontinued and that Ventuals confirmed there will be no Ventuals token, removing any path to a value-accruing token tied to incentives.
Crypto Briefing said the protocol launched its vHYPE staking vault on October 16, 2025, with the goal of meeting the 500,000 HYPE minimum stake requirement needed for HIP-3 market deployment on Hyperliquid.
In parallel, Cryptonews.net said Ventuals generated more than $650 million in trading volume and attracted over 500,000 HYPE in community support, while it described TradeXYZ as accounting for nearly 97% of HIP-3 trading volume as the category consolidates.
