Wall Street wealth creation model is unsustainable for most participants: Hyperliquid CEO

Wall Street’s traditional wealth-creation opportunities, such as company stocks, remain largely inaccessible to the investing public until they list on exchanges, meaning that retail participants miss the most significant pre-listing gains, according to Hyperliquid co-founder and CEO Jeff Yan.“Some assets are only tradable by a few people for many orders of magnitude of its growth, and then ultimately tradable by the public only after all of the growth has been realized by a select few people with privilege,” said Yan during a Tuesday fireside chat at Token2049 Singapore. While he saw this dynamic as a byproduct of the broader economy, Yan added that this wealth-creation model is not “sustainable.” Yan argued that Hyperliquid’s growing revenue is a byproduct of creating more global access to blockchain-based wealth creation opportunities through the decentralized exchange. Hyperliquid co-founder and CEO Jeff Yan, speaking at Token2049 Singapore. Source: CointelegraphHyperliquid’s mission is financial openness, not ‘optimizing’ for revenue: CEOHyperliquid’s main mission is creating more access to wealth creation opportunities and fostering more participation in the financial system,...