# Jeff Yan Sees Large-Company Shares as a Possible Tokenization Target By Sonny Jang Canonical URL: https://www.tokenpost.com/news/people/47689 Published: 2026-11-03T13:07:00.000Z Updated: 2026-11-03T13:07:00.000Z Section: People > He said high-quality real-world assets would appeal if he were starting a product from scratch, while future offerings would depend on third-party developers. Hyperliquid founder Jeff Yan described tokenized real-world assets as a possible product direction, saying high-quality assets would appeal if he were starting from scratch and products tied to large-company shares could come later. Yan said decisions about specific offerings would depend on third-party developers; he did not announce a tokenized-stock launch. Hyperliquid provides infrastructure that outside operators can use to launch trading venues. In the U.S. approach Yan described, HIP-3 partners could conduct identity checks and monitor markets while Hyperliquid itself does not directly operate a trading service for U.S. customers. Hyperliquid began testing an updated HIP-3 framework with identity verification in September 2026. Yan has previously described a model in which financial firms operate markets on the network while keeping their customer relationships, as outlined in [his shared-infrastructure proposal](). ## Links in this article - [his shared-infrastructure proposal](https://www.tokenpost.com/news/technology/33861)