Ventuals has announced plans to gradually shut down its platform and exit the Hyperliquid private equity market. The team will join another project within the Hyperliquid ecosystem. Ventuals previously offered 24/7 private market trading, allowing users to gain exposure to pre-IPO tech companies like OpenAI and Anthropic, raising over 500,000 HYPE tokens and achieving a trading volume exceeding $650 million.
The announcement states that all markets based on HIP-3 will settle at predetermined TWAP or external prices and cease trading. Markets for OPENAI and ANTHROPIC will freeze 24-hour TWAPs and halt trading today. Commodity and index markets will settle based on external prices like CME after regular trading ends on June 18. All vHYPE holders can withdraw their HYPE and native staking rewards at a 1:1 ratio. Ventuals' points and referral programs are terminated immediately, with no token issuance planned.
Ventuals to Shut Down Platform, Exit Hyperliquid Private Equity Market
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