S&P Dow Jones Indices has licensed its S&P 500 Index to Trade for the launch of a perpetual futures contract on Hyperliquid, a development described by the index provider as the first officially licensed on-chain product offering continuous, leveraged exposure to the index for eligible non-U.S. users. The contract enables long or short positions on the index without an expiry date, with markets operating around the clock outside traditional exchange hours and data sourced from S&P Dow Jones Indices itself. The move signals an important pivot in the crypto industry's appetite for traditional financial benchmarks, extending on-chain derivatives beyond cryptocurrencies into mainstream equity exposure. Trade asserts that its on-chain markets have processed more than $100 billion in volume since October 2025, with an annualized run rate exceeding $600 billion, underscoring growing liquidity in tokenized, perpetual-style products. Key takeaways The S&P 500 is now accessib...
SBI Holdings’ crypto arm, SBI VC Trade, is rolling out a USDC lending product in Japan, enabling retail users to lend Circle’s stablecoin to the platform under fixed-term agreements in exchange for interest. The offering limits per-user exposure to 5,000 USDC, with the loan treated as an asset to SBI VC Trade rather than a traditional bank deposit. As such, customers bear counterparty risk, and funds cannot be withdrawn or transferred during the fixed term. SBI noted that borrowed USDC may be re-lent as part of its operational use. The launch represents another step in Japan’s ongoing stablecoin rollout, bringing a consumer-accessible USDC yield product to market via a licensed domestic platform. While the product offers yield relative to typical cash deposits, it carries different protections and risk profiles compared with traditional deposits, a distinction SBI emphasized in its communication with users. Key takeaways SBI VC Trade introduces a USDC lending product in Japan, offeri...