On‑chain prop firm launches
ProprXYZ launched as an on‑chain prop trading firm on Hyperliquid where candidates pass a challenge to access up to $100K funded capital and keep 80% of profits, with execution transparency highlighted. (x.com)
Propr has launched a crypto-native proprietary trading firm on Hyperliquid, selling challenge accounts that can scale to $100,000 in funded capital. (propr.xyz) The company’s site says traders can buy one-step or two-step evaluations, with account sizes from $5,000 to $100,000 and an 80% profit split on funded accounts. Its listed one-step fees run from $60 for a $5,000 account to $999 for a $100,000 account. (propr.xyz) To pass the one-step challenge, Propr says traders must hit a 10% profit target while staying inside a 6% maximum drawdown and a 3% daily loss limit. The firm says there is no time limit and leverage goes up to 5 times. (propr.xyz) A prop firm gives traders access to a larger pool of capital after they clear a rules-based test. Propr is pitching the crypto version of that model on an exchange where trades are recorded on-chain, meaning the activity can be checked on a public ledger instead of only inside the firm’s back office. (propr.xyz) (hyperliquid.xyz) Hyperliquid describes itself as a decentralized Layer 1 blockchain with fully on-chain order books for perpetual futures and spot markets. Propr says it routes liquidity from Hyperliquid and that execution, positions, and payouts are visible through on-chain records and a transparency dashboard. (hyperliquid.xyz) (propr.xyz) That setup targets a long-running complaint about retail prop firms: traders often cannot independently verify fills, slippage, or payout handling. Propr says it has “no hidden rules,” on-demand withdrawals, and a public rule log if terms change. (propr.xyz) The launch also lands as Hyperliquid keeps expanding beyond crypto-only markets. Propr says its challenge accounts can trade more than 140 assets across crypto, equities, commodities, and foreign exchange perpetuals from one account. (propr.xyz) Propr’s homepage says the company is built on Hyperliquid and backed by SwissBorg, the crypto wealth app that integrated Hyperliquid into its Meta-Exchange in 2025. SwissBorg said that integration was meant to add deeper liquidity, tighter spreads, and fully transparent execution. (propr.xyz) (swissborg.com) The pitch is simple: pay for a trading test, clear the risk limits, and trade larger size on-chain. Whether that model attracts traders burned by opaque prop firms will depend on how often they use the transparency tools Propr is now putting in front of them. (propr.xyz)
