Ventuals has closed, but the on-chain private placement is proven to work, with 500k HYPE and 650 million in trading volume. The team will continue building within the ecosystem, and the vHYPE 1:1 redemption also serves as a dignified closing.

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Hyperliquid Ecosystem Pre-IPO Trading Platform Ventuals Announces Suspension of Operations, Team to Join Another Development Team within the Hyperliquid Ecosystem. Ventuals states that since launch, it has raised over 500k HYPE tokens, with a trading volume exceeding $650 million, validating the demand for on-chain private equity markets. The platform will gradually shut down markets such as OpenAI, Anthropic, and those for commodities and indices. vHYPE holders can redeem HYPE tokens at a 1:1 ratio and receive staking rewards. Ventuals also terminates the points and referral programs and confirms that no tokens will be issued.
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