NEAR Launches Confidential Perpetual Futures Through Hyperliquid

NEAR has made perpetual futures positions on near.com confidential by default, extending its Hyperliquid integration. The update launched September 17 and prevents outside observers from linking positions to a trader’s account through the funding path.

Hyperliquid continues to provide the execution and liquidity layer, while NEAR Intents handles cross-chain funding and confidential routing. Traders can use supported assets across multiple chains without manually bridging funds into Hyperliquid. The positions remain on Hyperliquid’s public trading infrastructure, but the connection between the position and the trader’s wallet is concealed. NEAR’s confidential infrastructure uses a private shard connected to mainnet through a TEE-based bridge, with selective disclosure available for compliance purposes.

The launch expands NEAR’s privacy push into leveraged trading, where public wallet activity can expose trading strategies and collateral movements. The development comes as NEAR Intents reports $28 billion in cumulative routed volume across 34 chains.