EQX Labs plans to bring tokenized U.S. shares and ETFs, including Apple, Nvidia, Tesla and SpaceX, plus funds tracking the S&P 500 and Nasdaq 100, to the Hyperliquid decentralized exchange. Its main pitch is zero issuer fees: there is no charge to create, redeem or hold tokens, and EQX earns only a share of Hyperliquid's standard trading fee. Each token is backed by real shares held by U.S. brokerages Alpaca Securities, StoneX Financial and Clear Street, with a public dashboard showing custody holdings. Dividends are automatically reinvested, and direct payments are planned after a proposed Hyperliquid upgrade. Rivals on the platform include xStocks from Payward and Dinari; the tokens will not be offered to people in the United States or residents of the British Virgin Islands, and no trading date has been set.
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