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Hyperion DeFi Announces Appointment of David Knox as Chief Financial Officer

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Hyperion DeFi (NASDAQ: HYPD) has appointed David Knox, CFA, as Chief Financial Officer, effective immediately. Knox joins from PayPal, where he served as Head of Capital Markets and Head of Finance for Global Credit and Financial Services. The appointment strengthens the company's governance and DeFi strategy.

Knox brings extensive experience in scaling capital markets and financial services, having held key positions at PayPal, Cantor Fitzgerald, SoFi, and other financial institutions. As part of his appointment, Knox received an Inducement Grant of 100,000 restricted stock units, vesting over 12 months in two equal installments.

The strategic hire aims to position Hyperion DeFi as a bridge between traditional Wall Street and decentralized finance, focusing on institutional finance migration to the Hyperliquid ecosystem.

Hyperion DeFi (NASDAQ: HYPD) ha nominato David Knox, CFA come Chief Financial Officer, con effetto immediato. Knox arriva da PayPal, dove ha ricoperto i ruoli di Head of Capital Markets e Head of Finance for Global Credit and Financial Services. L'assunzione rafforza la governance dell'azienda e la strategia DeFi.

Knox vanta una vasta esperienza nell'espansione dei mercati dei capitali e dei servizi finanziari, avendo ricoperto ruoli chiave in PayPal, Cantor Fitzgerald, SoFi e altre istituzioni finanziarie. Nell'ambito della nomina, Knox ha ricevuto un Inducement Grant di 100.000 unità azionarie vincolate, che vestono nell'arco di 12 mesi in due tranche uguali.

La scelta strategica punta a posizionare Hyperion DeFi come ponte tra Wall Street tradizionale e la finanza decentralizzata, concentrandosi sulla migrazione di finanza istituzionale verso l'ecosistema Hyperliquid.

Hyperion DeFi (NASDAQ: HYPD) ha designado a David Knox, CFA como Director Financiero, con efecto inmediato. Knox procede desde PayPal, donde se desempeñó como Jefe de Mercados de Capital y Jefe de Finanzas para Global Credit y Financial Services. El nombramiento fortalece la gobernanza de la empresa y la estrategia DeFi.

Knox aporta amplia experiencia en escalar mercados de capitales y servicios financieros, habiendo ocupado puestos clave en PayPal, Cantor Fitzgerald, SoFi y otras instituciones financieras. Como parte de su nombramiento, Knox recibió un Inducement Grant de 100.000 unidades de acciones restringidas, que se consolidarán en 12 meses en dos tramos iguales.

El fichaje estratégico busca posicionar a Hyperion DeFi como un puente entre Wall Street tradicional y las finanzas descentralizadas, enfocándose en la migración de finanzas institucionales hacia el ecosistema Hyperliquid.

Hyperion DeFi(NASDAQ: HYPD)가 David Knox, CFA를 CFO(최고재무책임자)로 즉시 임명했습니다. Knox는 PayPal에서 자본시장 책임자 및 글로벌 크레딧 및 금융서비스 부문 재무 책임자로 재직했습니다. 이 임명은 회사의 거버넌스와 DeFi 전략을 강화합니다.

Knox는 PayPal, Cantor Fitzgerald, SoFi 등에서 주요 직책을 맡으며 자본시장과 금융서비스를 확장하는 데 폭넓은 경험을 쌓아왔습니다. 임명과 함께 Knox는 100,000주 RSU(제한 주식 단위) 유인 부여를 받았으며, 12개월에 걸쳐 두 차례의 동등한 분할로 vesting됩니다.

전략적 채용의 목적은 Hyperion DeFi를 전통적 월스트리트와 분산형 금융 사이의 다리로 위치시키고, 기관 금융의 Hyperliquid 생태계로의 이주에 초점을 맞추는 것입니다.

Hyperion DeFi (NASDAQ: HYPD) a nommé David Knox, CFA au poste de directeur financier, avec effet immédiat. Knox rejoint PayPal, où il a été Head of Capital Markets et Head of Finance for Global Credit and Financial Services. Cette nomination renforce la gouvernance de l'entreprise et la stratégie DeFi.

Knox apporte une grande expérience dans la mise à l'échelle des marchés de capitaux et des services financiers, ayant occupé des postes clés chez PayPal, Cantor Fitzgerald, SoFi et d'autres institutions financières. Dans le cadre de sa nomination, Knox a reçu une octroi d'induction de 100 000 unités d'actions restreintes, qui vestent sur 12 mois en deux tranches égales.

Cette embauche stratégique vise à positionner Hyperion DeFi comme un pont entre Wall Street traditionnel et la finance décentralisée, en se concentrant sur la migration des finances institutionnelles vers l'écosystème Hyperliquid.

Hyperion DeFi (NASDAQ: HYPD) hat David Knox, CFA zum Chief Financial Officer ernannt, mit sofortiger Wirkung. Knox kommt von PayPal, wo er als Leiter der Kapitalmärkte und Leiter Finanzen für Global Credit and Financial Services tätig war. Die Ernennung stärkt die Unternehmensführung und die DeFi-Strategie.

Knox bringt umfassende Erfahrungen im Aufbau von Kapitalmärkten und Finanzdienstleistungen mit und hat Schlüsselpositionen bei PayPal, Cantor Fitzgerald, SoFi und anderen Finanzinstituten innegehabt. Im Rahmen der Ernennung erhielt Knox einen Inducement Grant in Höhe von 100.000 Restricted Stock Units, der über 12 Monate in zwei gleichen Tranchen vestet.

Diese strategische Personalentscheidung zielt darauf ab, Hyperion DeFi als Brücke zwischen traditionellem Wall Street und dezentraler Finanzwelt zu positionieren, mit Fokus auf die Migration institutioneller Finanzströme in das Hyperliquid-Ökosystem.

Hyperion DeFi (NASDAQ: HYPD) عينت ديفيد-knox, CFA كنائب رئيس مالي، اعتباراً من الآن. انضم كنوكس من PayPal، حيث شغل منصبي رئيس الأسواق الرأسمالية ورئيس التمويل للائتمان العالمي والخدمات المالية. التعيين يعزز حوكمة الشركة واستراتيجية DeFi.

يُجلب كنوكس خبرة واسعة في توسيع أسواق رأس المال والخدمات المالية، حيث شغل مناصب رئيسية في PayPal وCantor Fitzgerald وSoFi وغيره من المؤسسات المالية. كجزء من تعيينه، تلقى كنوكس منحة تحفيزية لسندات مقيدة قيمتها 100,000 وحدة، تتاح لها vesting على مدى 12 شهراً على دفعات متساوية.

يهدف التعيين الاستراتيجي إلى وضع Hyperion DeFi كجسر بين وول ستريت التقليدي والتمويل اللامركزي، مع تركيز على هجرة التمويل المؤسسي إلى منظومة Hyperliquid.

Hyperion DeFi (NASDAQ: HYPD) 已任命 David Knox, CFA 为首席财务官,立即生效。Knox 将从 PayPal 加入,曾任资本市场主管和全球信用与金融服务部财务主管。此任命将加强公司的治理与 DeFi 策略。

Knox 在扩大资本市场与金融服务方面拥有丰富经验,曾在 PayPal、Cantor Fitzgerald、SoFi 等金融机构担任要职。任命之际,Knox 获得一项 100,000 股受限股票单位的诱导性授予(Inducement Grant),将在 12 个月内分两次等额 vesting。

这项战略性任命旨在将 Hyperion DeFi 打造成传统华尔街与去中心化金融之间的桥梁,重点推动机构金融向 Hyperliquid 生态系统迁移。

Positive
  • Appointment of experienced CFO with strong background in capital markets and financial services
  • Strategic positioning to bridge traditional finance with DeFi through new leadership
  • Structured compensation package aligned with company performance through RSU grants
Negative
  • Additional share dilution through 100,000 RSU grant
  • Transition period may be needed as new CFO adapts to cryptocurrency sector

Insights

PayPal executive David Knox joins Hyperion DeFi as CFO, bringing institutional finance expertise to accelerate the company's DeFi strategy.

Hyperion DeFi's appointment of David Knox as CFO represents a strategic talent acquisition from the traditional financial sector. Knox's background is particularly relevant, coming from PayPal where he served in the dual capacity of Head of Capital Markets and Head of Finance for Global Credit and Financial Services. His experience specifically in developing "balance sheet light" lending strategies at PayPal could prove valuable for a DeFi-focused company looking to optimize capital efficiency.

Knox's expertise spans multiple financial domains, having worked at Cantor Fitzgerald structuring mortgage-backed and asset-backed securities, as well as roles at SoFi, Hudson Advisors, and RBS. This diverse capital markets experience positions him well to help Hyperion DeFi build bridges between traditional finance and decentralized protocols, particularly in bringing structured products on-chain.

The timing of this appointment suggests Hyperion DeFi is entering a new phase focused on institutional adoption. Knox's stated intention to leverage his connections across institutional finance, particularly in fixed income and structured products (ABS, CLO, whole loans), indicates the company is targeting sophisticated financial products for blockchain integration.

The compensation structure—a restricted stock unit award of 100,000 shares vesting over 12 months—aligns Knox's interests with the company's performance while providing a retention mechanism during a critical transition period. This governance approach demonstrates the company's commitment to maintaining traditional corporate structures while pursuing decentralized finance innovations.

PayPal’s Former Head of Capital Markets and Head of Finance for Global Credit and Financial Services Joins Company

Strong Advocate for Blockchain Adoption for Traditional Institutional Financial Products

LAGUNA HILLS, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Hyperion DeFi, Inc. (NASDAQ: HYPD) (“Hyperion DeFi” or the “Company”), the first U.S. publicly listed company building a long-term strategic treasury of Hyperliquid’s native token, HYPE, today announced the appointment of David Knox, CFA, as Chief Financial Officer, effective immediately. This move is part of a broader strategic initiative to strengthen governance and accelerate the Company’s decentralized finance (“DeFi”) strategy.

Mr. Knox brings with him extensive expertise in scaling capital markets strategies and financial services businesses. He joins Hyperion DeFi from PayPal, where he served as Head of Capital Markets and Head of Finance for Global Credit and Financial Services. In his dual role at PayPal, he led the profitable expansion of the company’s lending segments under a “balance sheet light” strategic imperative and managed core FP&A responsibilities with rigorous governance and reporting across the PayPal and Venmo global financial services platforms.

Earlier in his career, Mr. Knox was Director at Cantor Fitzgerald, where he provided capital markets structuring and advisory services across mortgage-backed and asset-backed finance transactions. He also held prior roles in lending and capital markets at SoFi, Hudson Advisors, and the Royal Bank of Scotland. Mr. Knox holds a bachelor’s degree from the University of Connecticut and is an alumnus of the Harvard Business School.

“I’m excited to welcome David to the Hyperion DeFi team as we begin our next chapter.” said Hyunsu Jung, Interim Chief Executive Officer of Hyperion DeFi. “David has helped lead some of the largest financial institutions in the world, and now he’s bringing that expertise to accelerate our mission of moving institutional finance to Hyperliquid. He shares my conviction that all asset classes will ultimately migrate on-chain, and his leadership will help ensure Hyperion Defi is at the forefront of that transformation."

Mr. Knox, newly named Chief Financial Officer stated, "I'm pleased to join Hyperion DeFi at this pivotal moment for the Company. My experience building scalable financial platforms and structuring innovative capital solutions will help Hyperion DeFi execute on its strategic vision while maintaining the highest standards of financial discipline. I look forward to the opportunity to collaborate with Hyperliquid builders and innovators, bringing practical solutions that align with long-term ecosystem initiatives. I fully intend to leverage my extensive industry connections across institutional finance, especially in fixed income and structured products such as ABS, CLO, and whole loans. My goal is to help position Hyperion DeFi as the bridge between Wall Street and the decentralized future, driving value for both our ecosystem and our shareholders.”

The Company also announced that today, in connection with Mr. Knox’s appointment as Chief Financial Officer, the Company granted a restricted stock unit award of 100,000 shares (the “Inducement Grant”) to Mr. Knox. The Inducement Grant will vest in two equal installments, with 50% vesting on the six-month anniversary of the grant date and the remaining 50% vesting on the twelve-month anniversary of the grant date, subject to Mr. Knox’s continued employment with the Company through each such vesting date. The Inducement Grant is an inducement material to Mr. Knox’s entry into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About the Hyperliquid Platform and the HYPE Token

Hyperliquid is a layer one (L1) blockchain optimized from the ground up for high frequency, transparent trading. The blockchain includes fully on-chain perpetual futures and spot order books, with every order, cancel, trade, and liquidation occurring within 70 millisecond block times. It also hosts the HyperEVM, a general-purpose smart contract platform that, like Ethereum, supports permissionless decentralized financial applications.

HYPE is the native token of Hyperliquid. Staked HYPE in particular provides utility for users via reduced trading fees and increased referral bonuses. Circulating HYPE is autonomously purchased and sequestered by the blockchain itself with the trading fees generated on the network’s order books. As of September 2025, more than 30 million HYPE have been sequestered by this mechanism, and the token has become the 16th-largest cryptocurrency by market capitalization.

About Hyperion DeFi, Inc.

Hyperion DeFi, Inc. is the first U.S. publicly listed company building a long-term strategic treasury of Hyperliquid’s native token, HYPE. The Company is focused on providing its shareholders with simplified access to the Hyperliquid ecosystem, one of the fastest growing, highest revenue-generating blockchains in the world. Shareholders benefit from a gradually compounding exposure to HYPE, both from its native staking yield and additional revenues generated from its unique on-chain utility.

Hyperion DeFi is also developing its proprietary Optejet User Filled Device (UFD) that is designed to work with a variety of topical ophthalmic liquids, including artificial tears and lens rewetting products. The Optejet is especially useful in chronic front-of-the-eye diseases due to its ease of use, enhanced safety and tolerability, and potential for superior compliance versus standard eye drops. Together, these benefits may result in higher treatment compliance and better outcomes for patients and providers.

For more information, please visit Hyperiondefi.com.

Forward-Looking Statements

Except for historical information, all the statements, expectations and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, or predictions about our future activities or other future events or conditions, including the effects of our changes to management, the estimated market opportunities for our platform technology, the viability of, and risks associated with, our cryptocurrency treasury strategy, and the growth and revenue potential of the Hyperliquid ecosystem and the growth prospects of the Company. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and in some cases are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the U.S. Securities and Exchange Commission (the “SEC”), including in particular, the risks of our cryptocurrency strategy as detailed in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 13, 2025.

Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, Hyperion DeFi does not undertake any obligation to update any forward-looking statements.

Hyperion DeFi, Inc. Investor Contact:
Jason Assad
Hyperion DeFi, Inc.
IR@hyperiondefi.com
(678) 570-6791


FAQ

Who is the new CFO of Hyperion DeFi (HYPD)?

David Knox, CFA, former Head of Capital Markets and Head of Finance for Global Credit and Financial Services at PayPal, has been appointed as Hyperion DeFi's new CFO.

What experience does David Knox bring to Hyperion DeFi (HYPD)?

Knox brings extensive experience from PayPal, Cantor Fitzgerald, SoFi, Hudson Advisors, and Royal Bank of Scotland, with expertise in capital markets, lending, and financial services.

What compensation package was granted to Hyperion DeFi's new CFO?

David Knox received an Inducement Grant of 100,000 restricted stock units, vesting in two equal installments over 12 months.

What is Hyperion DeFi's (HYPD) strategic vision under the new CFO?

Hyperion DeFi aims to serve as a bridge between Wall Street and decentralized finance, focusing on migrating institutional financial products to the Hyperliquid ecosystem.

When does David Knox start as Hyperion DeFi's CFO?

David Knox's appointment as CFO is effective immediately as of September 29, 2025.
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