Catenaa, Sunday, September 06, 2026- Hypernova has launched an onchain proprietary trading platform offering funded accounts of up to $200,000 while recording key account rules, reserves and payouts through blockchain-based systems.
The company said traders can complete evaluations and receive funded accounts under a model similar to traditional retail proprietary trading firms.
Hypernova said successful traders can retain 80% of profits generated under its program.
The company claims withdrawals settle in an average of 6.1 seconds after a smart contract verifies the amount available for payment.
That figure was supplied by Hypernova and was not independently verified in the Chainwire announcement.
Hypernova said it has paid more than $550,000 to traders across 110 countries since opening to selected users four months ago.
The company is attempting to address a long-standing trust problem in retail proprietary trading.
Many prop firms charge traders an evaluation fee and provide simulated accounts once specified performance requirements are met.
The trader normally does not own the underlying trading capital or positions.
Instead, the firm tracks simulated performance and pays qualifying traders according to its internal rules.
That model can create uncertainty because traders often have limited visibility into a company’s reserves, payout obligations or internal accounting.
Hypernova’s approach is to place selected parts of that relationship on a public blockchain.
When a trader opens an account, the starting balance, drawdown limit and profit target are recorded through a smart contract on Arbitrum.
The trader’s agreement is also cryptographically associated with the account, according to Hypernova.
The company said the blockchain record rather than its user dashboard serves as the underlying record of those account conditions.
Payouts are also made from a publicly visible onchain wallet.
Hypernova said the wallet was initially funded with $1 million, representing about one-third of its pre-seed financing.
Because the wallet is public, users can inspect its balance and previous transactions independently.
The company also publishes account pass rates, payouts and selected operating statistics.
That level of disclosure is intended to reduce dependence on internal company reporting.
The trading itself, however, does not occur onchain.
Hypernova said its system simulates executions and risk checks using live market conditions from Hyperliquid.
That means the blockchain does not independently verify every trade or reproduce the full trading environment.
Instead, the onchain layer records the areas most likely to become disputed between a trader and a prop firm, including account rules and whether a payout occurred.
This distinction is important.
An onchain payout system can make payments transparent without making the entire proprietary trading business decentralized.
Users still depend on Hypernova’s offchain trading engine to calculate fills, account performance and risk-rule compliance.
The company began operating through a closed alpha on May 1 before moving into private beta during August.
Hypernova said more than 3,300 traders have registered since then.
Those users have generated more than $2 billion in simulated trading volume and received more than $555,000 in payouts, according to the company.
The figures remain company-reported.
Hypernova has raised a $3 million pre-seed round led by Lemniscap.
Very Early Ventures, CMS Holdings, Pivot Global and investors associated with the Hyperliquid ecosystem also participated.
The company was founded by Anar Bayramov and Nijat Bakhshaliyev.
Bayramov previously worked in decentralized finance investing at RockawayX, while Bakhshaliyev previously worked as a senior engineer at Coinbase.
Hypernova said its wider team includes people with experience at Citadel, Amazon, IBM and N26.
The company’s longer-term plan goes beyond simulated funded accounts.
Hypernova wants to identify traders who produce consistent results and eventually route selected trading activity into real markets using company capital.
Such a model would resemble a distributed proprietary trading desk, where performance records rather than geography or conventional employment history determine access to capital.
That next stage would introduce greater financial risk for Hypernova.
When trades remain simulated, profitable traders create payout obligations for the firm but do not directly generate corresponding market profits unless positions are copied or hedged elsewhere.
Routing successful traders into real markets could align those payouts more closely with actual trading gains.
It could also expose the company to execution losses, liquidity conditions and market risk.
Hypernova said its future system would use recorded trader performance to determine which participants receive larger allocations of real capital.
That model remains an objective rather than a proven operating structure.
The immediate product is narrower.
Hypernova is applying blockchain technology to transparency around account conditions, reserves and payouts in an industry where traders usually depend heavily on company-controlled records.
Whether that transparency becomes a competitive advantage will depend on whether users trust the offchain execution engine as much as the onchain settlement system.
Retail proprietary trading firms generally charge traders for evaluations that test whether they can meet profit targets without breaching drawdown and risk limits. Traders who qualify may receive simulated funded accounts and a share of profits calculated by the firm. The model has expanded rapidly across forex, futures and crypto markets, but disputes over denied payouts, changing rules and firm solvency have damaged confidence in parts of the sector. Blockchain technology offers one way to make reserves, contract terms and payments publicly auditable, although it cannot independently verify offchain trading activity unless that data is also recorded or cryptographically proven. Hypernova is built around Hyperliquid market data while using Arbitrum smart contracts for parts of its account and payout infrastructure.
