EQX Labs has launched EQX products on Hyperliquid's HyperCore, issuing tokenized US stocks and ETFs using the HIP-1 token standard, supporting 24/7 trading. The EQX token is fully backed 1:1 by stocks managed by Alpaca, StoneX, and ClearStreet, and traders only need to pay the Hyperliquid standard spot handling fee. The EQX token is issued by EQX SPC Ltd in the British Virgin Islands and adopts an independent trust structure. Authorized participants can maintain the token price close to the underlying US stock net value through an arbitrage mechanism.