Hyperion Defi
Hyperion DeFi (NASDAQ: HYPD) is a U.S. publicly traded digital asset treasury and DeFi infrastructure company holding ~1.86M HYPE tokens on the Hyperliquid blockchain, offering institutional staking, liquid staking, on-chain lending, and options strategies to public market and institutional investors.
- Company typePublic
- Founded2025
- HeadquartersLaguna Hills, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Hyperion Defi does
Hyperion DeFi, Inc. is a U.S. publicly traded company (NASDAQ: HYPD) that operates as a digital asset treasury and DeFi infrastructure platform purpose-built on the Hyperliquid blockchain. The company originated as Eyenovia, an ophthalmic technology firm, and completed a strategic pivot in June–July 2025 — anchored by a $50 million PIPE financing — to become the first U.S. publicly listed company holding Hyperliquid's native HYPE token on its balance sheet. As of early December 2025, it held approximately 1.86 million HYPE tokens (~$64 million), making it one of the largest institutional holders of HYPE.
The company's core product is the HYPE Treasury Strategy, which powers an interconnected module stack: the HiHYPE Liquid Staking Token (LST), the Kinetiq x Hyperion Validator (institutional staking infrastructure operated with Blockdaemon, which secures $110B+ in digital assets for 400+ institutions), a permissioned on-chain lending pool with HyperLend (4% APR, down from 8%), a Rysk-powered options vault for non-directional premium income, and a HYPE Asset Use Service deployed with partners such as Silhouette. Hyperion also runs the Kinetiq x Hyperion Validator to leverage Hyperliquid's 70-millisecond block times and onchain order book for production-ready validator operations.
Hyperion DeFi generates revenue across multiple streams: staking services and validator operations, on-chain lending interest (4% APR on HyperLend), options writing premiums (via Rysk), DeFi monetization, and yield enhancement strategies. Revenue grew 140% QoQ in DeFi monetization and 165% QoQ in yield enhancement in Q1 2026, with management guiding to $5–7M Adjusted Gross Profit for full-year 2026 (~4–5x 2025). The company raised an additional $10 million via a public stock offering in May 2026 (led by Arrington Capital and Blockchain.com) and is winding down its legacy biotech operations (Optejet device sale planned Q2 2026) to focus entirely on DeFi. Target customer segments include institutional investors seeking validator reliability and HYPE exposure, public market investors accessing HYPE through NASDAQ-listed HYPD equity, and Hyperliquid ecosystem protocols.
Hyperion Defi firmographics
Firmographics- Name
- Hyperion Defi
- Legal name
- Hyperion DeFi, Inc.
- Website
- https://hyperiondefi.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hyperion DeFi (NASDAQ: HYPD) is a U.S. publicly traded digital asset treasury and DeFi infrastructure company holding ~1.86M HYPE tokens on the Hyperliquid blockchain, offering institutional staking, liquid staking, on-chain lending, and options strategies to public market and institutional investors.
- Ownership category
- akta.pro rank
Hyperion Defi industry classification
Industry- Product category
- Digital Asset Treasury and DeFi Infrastructure
- NAICS
- Open-End Investment Funds (525910), Other Financial Vehicles (525990), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets) (FSAPAEAH)
- akta.pro secondary industries
- Decentralized Lending & Borrowing Protocols (FSADAMAA), Yield Aggregators & Strategy Vaults (FSADAMAF), DeFi Asset Management & On-Chain Index Protocols (FSADAMAK), DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)
Keywords
Where Hyperion Defi is headquartered
LocationHeadquarters
- HQ city
- Laguna Hills
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Hyperion Defi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Staking Services & Validator Operations: Revenue from operating the Kinetiq x Hyperion Validator and supporting Hyperliquid staking operations, including the HYPE Asset Use Service to provide institutional access to native staking yield.
- DeFi Monetization: Revenue from core DeFi activities including ecosystem engagement and protocol participation, which grew 140% quarter-over-quarter in Q1 2026, driven by partnerships with Silhouette, HyperLend, Rysk, and Kinetiq.
- Yield Enhancement Strategies: Revenue from yield generation strategies that grew 165% quarter-over-quarter in Q1 2026, leveraging HYPE holdings across lending, staking, and options-writing protocols.
- On-Chain Lending Pool Interest: Revenue generated from a permissioned on-chain lending pool with HyperLend offering credit at 4% annual interest rate, down from 8% in the traditional debt structure it replaced.
- Options Writing Premiums: Premium income from using HYPE token holdings as collateral for on-chain options writing through the Rysk protocol, a non-directional strategy that positions Hyperion as a collateral provider.
- Vault Infrastructure & Private Lending: Planned future revenue from additional institutional products including private lending and vault infrastructure services on the Hyperliquid ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | HyperLend on-chain lending pool offers credit at 4% annual interest rate (down from 8%) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Hyperion Defi product offering
Product offeringCore offering
Hyperion DeFi operates a digital asset treasury and DeFi infrastructure platform built on the Hyperliquid blockchain. It holds approximately 1.86 million HYPE tokens and generates yield through staking, validator operations, on-chain lending, options writing, and ecosystem participation. The company provides institutional clients and public market investors with regulated exposure to Hyperliquid's native HYPE token and decentralized finance strategies through its NASDAQ-listed HYPD stock.
Product overview
Hyperion DeFi operates a single unified DeFi treasury platform anchored on the Hyperliquid blockchain, rather than a multi-product suite architecture. The core of the platform is its HYPE Treasury Strategy, which holds approximately 1.9 million HYPE tokens and powers a portfolio of interconnected modules: the HiHYPE Liquid Staking Token (LST) for liquid staking exposure, the Kinetiq x Hyperion Validator (powered by Blockdaemon) for institutional staking yield, the HyperLend On-Chain Lending Pool for smart-contract-based credit at 4% APR, the Rysk-Powered HYPE Options Vault for non-directional premium income, and the HYPE Asset Use Service for partner-enabled fee discounts (e.g., on Silhouette). Additional modules include the HIP-3 Perpetuals Market (launched with Felix, now winding down) and the USDH Stablecoin initiative (with Native Markets, sunset June 3, 2026), with private lending and institutional vault infrastructure on the roadmap. Together, these modules expose traditional public-market investors to onchain Hyperliquid yield, DeFi monetization, and ecosystem services through the NASDAQ-listed HYPD vehicle.
Differentiator
Problem solved
Functional benefit
Products and services
- HiHYPE Liquid Staking Token (LST) Liquid staking token representing staked HYPE exposure, used by Hyperion DeFi to access credit on-chain via HyperLend and to power yield enhancement strategies across the Hyperliquid ecosystem.
- HYPE Treasury Strategy Central treasury strategy holding approximately 1.9 million HYPE tokens, with proceeds from public offerings and PIPE financing used to acquire additional HYPE tokens. The treasury generates revenue via DeFi monetization, yield enhancement, staking, options writing, and lending activities.
- Rysk-Powered HYPE Options Vault On-chain options writing vault that uses HYPE token holdings as collateral through the Rysk protocol to earn premium income on a non-directional basis, with plans to open the vault to other institutional HYPE holders.
- HyperLend On-Chain Lending Pool Permissioned on-chain lending pool on the HyperEVM with HyperLend, using HiHYPE as collateral to access credit at a 4% annual interest rate (reduced from 8%), replacing traditional debt with a smart contract-based facility.
- HYPE Asset Use Service Service agreement (e.g., with Silhouette) that leverages HYPE holdings to offer reduced transaction fees to users of partner platforms, generating revenue for Hyperion DeFi while enhancing trading strategies on the Hyperliquid blockchain.
- Kinetiq x Hyperion Validator Validator infrastructure supporting Hyperion DeFi's Hyperliquid staking operations, powered by Blockdaemon, targeting institutional clients seeking validator reliability and exposure to native staking yield on the Hyperliquid network.
Quantifiable outcome
- 140% quarter-over-quarter growth in DeFi Monetization in Q1 2026
- +6 more outcomes
Companies that use Hyperion Defi
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Hyperion Defi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature5 records
Hyperion Defi partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship and core.
- BlockdaemonflagshipHyperion DeFi partnered with Blockdaemon to expand Hyperliquid staking infrastructure through the Kinetiq x Hyperion Validator. The deal gives Blockdaemon a production-ready path to serve staking demand on Hyperliquid's network (70ms block times, onchain order book), while Hyperion DeFi adds institutional infrastructure to its public-market strategy centered on HYPE exposure and staking yield. Blockdaemon secures over $110B in digital assets for 400+ institutions.
- SilhouettecoreHyperion DeFi signed a HYPE Asset Use Service agreement with Silhouette, a trading platform on the Hyperliquid blockchain. The agreement offers reduced transaction fees to users and generates revenue for Hyperion DeFi while enhancing trading strategies on Silhouette.
- HyperLendcoreHyperion DeFi partnered with HyperLend to create a permissioned on-chain lending pool on the HyperEVM. The pool uses HYPE Liquid Staking Token as collateral to access credit at a 4% annual interest rate, down from 8%. This initiative is part of Hyperion's strategy to attract institutional capital and support real-world asset finance.
- Rysk ProtocolcoreHyperion DeFi deploys HYPE token holdings as collateral for on-chain options writing through the Rysk protocol. The non-directional strategy positions Hyperion as a collateral provider earning premium income and fees. Plans include opening the options vault to other institutional HYPE holders.
- Native MarketscoreHyperion DeFi partnered with Native Markets to promote the USDH stablecoin on Hyperliquid. The partnership ended on June 3, 2026, releasing 300,000 HYPE tokens back to Hyperion DeFi for redeployment into more profitable strategies.
- Felix (Felix Markets)coreHyperion DeFi announced a strategic partnership with the Felix protocol to launch a HIP-3 powered perpetual futures market on Hyperliquid. Hyperion provided 500,000 HYPE tokens to Felix. The partnership enables the creation of markets for non-crypto assets and expands Hyperliquid's product offerings. Felix Markets is set to close by June 22, 2026, freeing the 500,000 HYPE tokens for redeployment.
- KinetiqflagshipHyperion DeFi established the Kinetiq x Hyperion Validator as part of its 2025 strategic transformation, a key piece of its validator infrastructure. The validator supports Hyperion's staking operations and serves as the foundation for the company's partnership with Blockdaemon to serve institutional clients.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Hyperion Defi competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hyperion Defi social profiles
Digital presenceHyperion Defi compliance and trust
Trust signalCompliance3 records
Hyperion Defi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hyperion Defi leadership team
Management profileNumber of profiles
Profiles7 records
Hyperion Defi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hyperion Defi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hyperion Defi
What does Hyperion Defi do?
Hyperion DeFi operates a digital asset treasury and DeFi infrastructure platform built on the Hyperliquid blockchain. It holds approximately 1.86 million HYPE tokens and generates yield through staking, validator operations, on-chain lending, options writing, and ecosystem participation. The company provides institutional clients and public market investors with regulated exposure to Hyperliquid's native HYPE token and decentralized finance strategies through its NASDAQ-listed HYPD stock.
Is Hyperion Defi a public or private company?
Hyperion Defi is a public company. It is classified as public and is currently operating.
When was Hyperion Defi founded?
Hyperion Defi was founded in 2025. It employs 11 to 50 people.
Where is Hyperion Defi based?
Hyperion Defi is headquartered in Laguna Hills, United States, in the North America region.
How does Hyperion Defi make money?
Six revenue lines are on record. Staking Services & Validator Operations are the primary driver. The others are deFi Monetization, yield Enhancement Strategies, on-Chain Lending Pool Interest, options Writing Premiums and vault Infrastructure & Private Lending.
Does Hyperion Defi have an API?
No public API is recorded for Hyperion Defi.
What industry is Hyperion Defi in?
Hyperion Defi's product category is Digital Asset Treasury and DeFi Infrastructure. Its primary akta.pro industry code is FSAPAEAH, Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets), with a secondary code of FSADAMAA, Decentralized Lending & Borrowing Protocols. Its NAICS code is 525910 and its SIC code is 6200.