Ventuals Closes Markets to Join New Project on Hyperliquid

Ventuals is closing its real-world asset (RWA) perpetual markets on the Hyperliquid platform to join another project in the ecosystem, according to a June 15, 2026, report from CoinDesk. The move results in the removal of trading markets for AI companies OpenAI and Anthropic.

Ventuals operated as one of the teams responsible for creating and maintaining perpetual contracts linked to real-world assets on Hyperliquid. The team announced the shutdown of these specific markets as part of a transition to a different project within the same blockchain ecosystem.

Why are the Anthropic and OpenAI markets closing?

The markets are closing because Ventuals, the creator of these specific instruments, is shutting down the project to integrate with another initiative. These markets allowed traders to gain synthetic exposure to the valuations of OpenAI and Anthropic, two of the most prominent firms in the artificial intelligence sector, without owning direct equity in the private companies.

According to CoinDesk, the decision to close these markets is a strategic move by the Ventuals team to shift its focus and resources toward a different project already existing within the Hyperliquid ecosystem.

How does this affect Hyperliquid users?

Traders who utilized the Anthropic and OpenAI perpetuals will no longer have access to these specific assets on the platform. Because Hyperliquid allows various independent teams to launch and manage their own markets, the availability of specific assets depends on the continued operation of the teams behind them.

The removal of these markets reduces the variety of AI-linked synthetic assets available for speculation on the chain. Users typically use these perpetuals to hedge or bet on the perceived value of private companies based on public news and performance data.

What is the business model for RWA perpetuals on Hyperliquid?

Real-world asset perpetuals on Hyperliquid function as synthetic derivatives. They track the price of an external asset—such as a private company’s valuation—using an oracle or a price feed. Traders can go long or short on these assets without the need for a traditional brokerage account or direct ownership of the underlying shares.

This model differs from centralized exchanges where the platform itself decides which assets to list. On Hyperliquid, the responsibility for market creation and maintenance is distributed among teams like Ventuals. This structure allows for rapid deployment of niche markets but introduces the risk that assets may be removed if the managing team decides to pivot or close their operations.

The shift by Ventuals to join another project suggests a consolidation of efforts within the ecosystem, though the specific nature of the new project was not detailed in the June 15, 2026, report.