Radar / Crypto-asset service provider
Dreamcash
Crypto-asset service provider Cayman Islands dreamcash.xyz ↗
Reviewed 2026-10-28
Our verdict · Provisional – 3 of 6 checks done
Be careful
Some important points are unclear or concerning.
- The sources checked show no licence or registration for Supreme Liquid Labs or Dreamcash with any financial regulator. The service offers leveraged crypto derivatives …
- The operator is named as Supreme Liquid Labs, a Cayman Islands exempted company, with an address c/o a corporate services provider (TTA Corporate Services). Tether is …
- Trading settles on the Hyperliquid blockchain, and the app describes itself as self-custodial. Marketing materials mention instant global fiat on-ramps, but no fiat …
What should I do?
- Check the licence yourself in the official register of the country where it operates.
- Start small – never send more than you can afford to lose.
- Keep screenshots of all payments and conversations.
Based on public sources at the date of review. Not a finding that the company acted unlawfully; the company can respond below.
Questions about Dreamcash
Is Dreamcash licensed?
Cayman Islands Monetary Authority (VASP register) and other regulators: licence claimed but not found in the register. The sources checked show no licence or registration for Supreme Liquid Labs or Dreamcash with any financial regulator. The service offers leveraged crypto derivatives and stock, commodity and index-tracking perpetuals, and now lists forex and prediction markets, to retail users.
Who owns Dreamcash?
The operator is named as Supreme Liquid Labs, a Cayman Islands exempted company, with an address c/o a corporate services provider (TTA Corporate Services). Tether is reported as a strategic investor, with the amount undisclosed. No directors or beneficial owners were found in a public register.
Is Dreamcash safe to use?
RatEx42 rates Dreamcash Amber (provisional, 3 of 6 checks done) as of 2026-10-28: some important points are unclear or concerning. The signal is an assessment of public information, not a finding of unlawful conduct and not advice. Always check the licence in the official register yourself.
Answers are generated from this profile (reviewed 2026-10-28). Sources are linked in “The full check” below.
About
Dreamcash is a mobile, web and desktop trading front-end for the Hyperliquid platform, operated by Supreme Liquid Labs, a Cayman Islands company. It offers crypto perpetual futures with up to 40x leverage (the App Store text says up to 50x), spot tokens and HIP-3 markets tracking stocks, commodities and indices, and it describes itself as self-custodial. The website now also lists forex and prediction markets. Media reported a Tether strategic investment in Supreme Liquid Labs in February 2026, with the amount undisclosed. In late June 2026 Dreamcash announced a phased wind-down of its CASH perpetual markets, and the app continued to operate. No licence or registration was found in the sources checked, and no regulator warnings were found. The terms exclude residents of the Cayman Islands and the UK and say the smart contracts are not registered with any regulator.
Read more
Dreamcash is a mobile, web and desktop trading front-end for the Hyperliquid platform, operated by Supreme Liquid Labs, a Cayman Islands company. It offers crypto perpetual futures with up to 40x leverage (the App Store text says up to 50x), spot tokens and HIP-3 markets tracking stocks, commodities and indices, and it describes itself as self-custodial. The website now also lists forex and prediction markets. Media reported a Tether strategic investment in Supreme Liquid Labs in February 2026, with the amount undisclosed. In late June 2026 Dreamcash announced a phased wind-down of its CASH perpetual markets, and the app continued to operate. No licence or registration was found in the sources checked, and no regulator warnings were found. The terms exclude residents of the Cayman Islands and the UK and say the smart contracts are not registered with any regulator.
The full check
🪪LicenceLicensing & registrationCaution
The sources checked show no licence or registration for Supreme Liquid Labs or Dreamcash with any financial regulator. The service offers leveraged crypto derivatives and stock, commodity and index-tracking perpetuals, and now lists forex and prediction markets, to retail users. The terms state that the smart contracts are not registered with any regulator. The site says availability varies by local law. The terms exclude residents of the Cayman Islands and the UK, and the support page cites the FCA's promotion rules. A launch press release says the approach removes KYC friction for initial access. The CIMA register and other regulator registers were not directly searchable and were not checked.
- Terms name no regulatory authorisation. They say the smart contracts are not registered with any regulator, exclude Cayman Islands and UK residents, and say access may be restricted in some jurisdicti
- Site says availability may vary with local laws and regulations. It now lists forex and prediction markets alongside crypto, stocks and commodities.
- Support page says the app is not available to UK residents under the FCA's cryptoasset financial promotion rules.
- Launch press release says the approach eliminates traditional KYC friction for initial access. 2025-08-05
- Apple trader declaration lists a Cayman Islands address and no licence.
- Third-party project guide mentions no licence.
- Chainwire press release says the approach eliminates traditional KYC friction for initial access. 2025-08-05
👥Who owns itOwnership & controlCaution
The operator is named as Supreme Liquid Labs, a Cayman Islands exempted company, with an address c/o a corporate services provider (TTA Corporate Services). Tether is reported as a strategic investor, with the amount undisclosed. No directors or beneficial owners were found in a public register. Press releases name a Head of Marketing, and a launch quote is attributed to Marco van den Heuvel (role not stated). Third-party guides say founder identities are not widely publicised. The Google Play developer name, Beam labs, differs from the operator named in the terms.
- Supreme Liquid Labs, a Cayman Islands exempted company, operates Dreamcash.
- App Store lists Supreme Liquid Labs as developer and seller.
- App Store trader declaration lists a c/o TTA Corporate Services address in the Cayman Islands.
- The Block reports Tether is investing in the parent company, Supreme Liquid Labs; the size is undisclosed. 2026-02-13
- PANews, citing The Block, reports the investment amount was not disclosed. 2026-02-14
- Names Marco van den Heuvel in a quote about the Tether investment, without stating his role.
- Press release names Hubert Johnson as Head of Marketing. 2025-08-05
- Bitget Academy says individual founder identities have not been widely publicised.
- Google Play lists the developer as Beam labs.
- Press release names Hubert Johnson as Head of Marketing. 2025-08-05
🏦Where your money goesBanking & payment chainCaution
Trading settles on the Hyperliquid blockchain, and the app describes itself as self-custodial. Marketing materials mention instant global fiat on-ramps, but no fiat provider, bank or processor was identified. The privacy policy refers to unnamed payment solution providers. Revenue comes from Hyperliquid builder-code and perpetual fees. Selini Capital acted as liquidity provider for the HIP-3 markets. The regulatory status of the fiat on-ramp is unclear.
- Describes self-custody and instant global fiat on-ramps without naming a provider. 2026-03-02
- Revenue shown as Hyperliquid builder-code fees and perps trading fees.
- Selini Capital was liquidity provider for the 10 USDT0-collateralised markets. 2026-02-13
- Site says settlement is on-chain via Hyperliquid and the app surface is centrally operated.
- Privacy policy says data may go to unnamed service providers, including payment solution providers.
- Describes on-chain settlement and instant fiat rails without naming a provider.
⚖️Regulator actionsRegulatory actionsNot checked yet
Not yet assessed.
📰News & reputationAdverse media & OSINTNot checked yet
Not yet assessed.
💬Customer experienceCustomer conductNot checked yet
Not yet assessed.
How we rate: methodology.
Similar providers
Licences & registrations
| Regulator / register | Type | Number | Status |
|---|---|---|---|
| Cayman Islands Monetary Authority (VASP register) and other regulators | Virtual asset service provider / derivatives or investment licence | Claimed, not found in register |
People & network
Version history
- 2026-10-23 Amber signal Automated profile created from public sources
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