A tokenized stock is an onchain instrument that tracks the price of a real equity like Tesla or Apple, letting you take a position through the same wallet and orderbook you already use for crypto, without a brokerage account or market hours. It moves with the underlying stock's price but isn't the stock itself, and holding one works differently from owning shares. These guides cover how tokenized stocks work on Hyperliquid, with dedicated walkthroughs for names like Nvidia, Amazon, Meta, Netflix, Palantir, GameStop, and MicroStrategy. That market stays open around the clock, seven days a week, unlike the exchange session the underlying share trades on.
GuideTokenized stocks and on-chain equity markets let you trade price exposure to a company’s shares without going through a stockbroker — but they are not the same as owning real stock. Here is the honest explainer: what they are, how on-chain markets including Hyperliquid HIP-3 work, how they differ from real shares, and the risks and regional nuance.
GuideYou can get price exposure to stock-style markets on Hyperliquid through HIP-3 perpetuals — on-chain derivatives that track an underlying equity, not real shares. Here is how on-chain stock (RWA) markets actually work on Hyperliquid, how to access them non-custodially through Dexly, and an honest account of what this is and what it is not.
GuideTesla (TSLA) is a publicly traded stock you buy through a regulated broker. On-chain, any Tesla-style market is a price-exposure perpetual — a derivative that tracks the TSLA price, not a real share, so there is no ownership, no dividends, and no voting.
GuideNVIDIA (NVDA) is a real publicly traded stock you buy through a regulated broker. On-chain, any NVDA-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideApple (AAPL) is a real publicly traded stock you buy through a regulated broker. On-chain, any AAPL-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideAmazon (AMZN) is a real publicly traded stock you buy through a regulated broker. On-chain, any AMZN-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideAlphabet (GOOGL), the parent of Google, is a real publicly traded stock you buy through a regulated broker. On-chain, any GOOGL-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideMeta Platforms (META) is a real publicly traded stock you buy through a regulated broker. On-chain, any META-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideMicrosoft (MSFT) is a real publicly traded stock you buy through a regulated broker. On-chain, any MSFT-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideAMD (AMD) is a real publicly traded stock you buy through a regulated broker. On-chain, any AMD-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideNetflix (NFLX) is a real publicly traded stock you buy through a regulated broker. On-chain, any NFLX-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuidePalantir (PLTR) is a real publicly traded stock you buy through a regulated broker. On-chain, any PLTR-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideCoinbase (COIN) is a real publicly traded stock you buy through a regulated broker. On-chain, any COIN-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideGameStop (GME) is a real publicly traded stock you buy through a regulated broker. On-chain, any GME-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideMicroStrategy — now Strategy — (MSTR) is a real publicly traded stock you buy through a regulated broker. On-chain, any MSTR-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideRobinhood Markets (HOOD) is a real publicly traded stock you buy through a regulated broker. On-chain, any HOOD-style market is a price-exposure perpetual — a derivative that tracks the price, not real shares. Here is the honest explainer on how these markets could work on Hyperliquid, how to access them non-custodially through Dexly, and what you give up versus owning the stock.
GuideSpaceX went public on June 12, 2026 — the largest IPO in history — and trades on Nasdaq as SPCX. This guide covers both ways to trade it: buying shares through a brokerage, and trading the xyz:SPCX perpetual on Hyperliquid, which follows the price around the clock from a self-custody wallet.
GuideOpenAI is a private company — there is no public OpenAI stock, and retail investors cannot buy real OpenAI shares on any exchange. This guide explains, honestly, what an on-chain "OpenAI" market would actually be: price-exposure via a derivative or perpetual, not equity ownership. It also covers the pre-IPO and "tokenized OpenAI" scams to avoid, and how to check /market/stocks to see what is genuinely live.
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