EQX is issuing tokenized U.S. stocks and ETFs natively on HyperCore as HIP-1 tokens, with 11 initial markets. Tokens are backed 1:1 by shares held at DTC-connected custodians Alpaca, StoneX or Clear Street, with no issuer fees on creation, redemption or holding. Holders get voting via wallet signature and auto-compounding dividends. EQX SPC Ltd., a BVI segregated portfolio company owned by the EQX STAR Trust, issues the tokens; EQX Labs says it owns none of it. The business is funded by Hyperliquid's shared trading fees.

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