Silhouette launches RFQ system on Hyperliquid mainnet, first batch supports xStocks trading

According to The Block, Silhouette, the bulk trading layer, has launched an RFQ system on the Hyperliquid mainnet, supporting the first batch of xStocks tokenized stock trading with Payward. This system allows traders to initiate inquiries about xStocks, with market makers bidding and orders settled on the chain without size restrictions. XStocks can match transactions without the need for a separate order book, and tokens with sufficient trading activity can subsequently be migrated to an independent HyperCore marketplace.