KYC definitely won't happen. But that aside the funny thing is, HyperLiquid isn't actually decentralized in a traditional sense. They have like 5 validating nodes and all operated by HyperLiquid affiliates.
Also the XYZ markets that the stock tokens "live on" is not managed by HyperLiquid as far as I know.
Also the XYZ markets that the stock tokens "live on" is not managed by HyperLiquid as far as I know.