A subsidiary of Nasdaq-listed Hyperliquid Strategies has applied to register as a futures commission merchant to offer U.S. customers Hyperliquid-based perpetual futures. The company said the subsidiary will manage U.S. customer accounts for licensed markets on Hyperliquid. Both the registration application and the proposed markets are subject to regulatory approval. Hyperliquid Strategies spent $785 million to buy 9.1 million HYPE during the quarter ended September 30.