Silhouette Launches RFQ Trading System for xStocks on Hyperliquid

Silhouette, a block trading layer on Hyperliquid, has launched its Request for Quote (RFQ) trading system on mainnet. The system enables traders to request quotes for tokenized stocks from xStocks, a framework by Payward, and receive competitive pricing from connected market makers. Trades are settled on-chain regardless of size or time. Assets demonstrating sufficient liquidity through this RFQ process may eventually transition to dedicated HyperCore markets. xStocks, launched in June 2025, reports over $40 billion in total volume and currently holds appro