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March 20, 2026, Press release — Propr, an onchain prop trading firm built natively on Hyperliquid, today announced the launch of its paper trading platform ahead of its full platform launch next quarter. The platform offers funded accounts up to $100,000 across 200+ tradeable assets, including crypto, equity, and commodity perpetuals, with a full REST API for autonomous trading agents. Traders prove their skill through standardized evaluations and keep 80% of profits, paid on-demand in USDC onchain.
Challenges in the proprietary trading industry
The proprietary trading firm industry has grown into a $20 billion market, with search interest up over 600% since 2020. Yet the sector remains plagued by opacity and mistrust. More than 80 prop firms shut down suspiciously in 2023 and 2024 alone, with traders losing deposits overnight and having no way to verify whether they were trading real capital. High-profile enforcement actions, including the CFTC’s case against MyForexFunds with over $310 million collected from 135,000 traders, have exposed an industry where incentives are fundamentally misaligned.
Propr takes a different approach. By building natively on Hyperliquid, the highest-performance onchain perpetuals exchange with over $5 billion in daily volume, A-booked trades are routed through Hyperliquid and independently verifiable, with every trade on the dashboard labelled by its execution method. The model is designed to allow traders to independently verify trade execution.
How Propr works
Traders choose from four account sizes ($10K, $25K, $50K, or $100K) and two evaluation types, 1-step or 2-step. They pay a one-time evaluation fee, trade to hit a profit target while respecting drawdown limits, and upon passing, receive a funded account with an 80% profit split. Payouts are processed on-demand in USDC onchain.
Propr is the first onchain prop firm to offer crypto, equity, and commodity perpetuals across 200+ assets in a single custom-built terminal, with real-time charting, order book depth, and multi-layout workspaces. There are no time limits, no consistency rules, no profit caps, and no minimum trading days. Any trading style is permitted, from scalping to systematic strategies.
Users can join the waitlist and get 10% off the first challenge.
$50,000 Trading competition
To mark its launch, Propr is hosting a $50,000 paper trading competition starting March 30, 2026. The 30-day competition is free to enter, limited to 5,000 participants, and uses a paper trading engine replicating Hyperliquid’s order books across crypto, equity, and commodity perpetuals. Prizes range from $10,000 for first place to $250 for the 26th through 50th positions, with 50 winners in total.
Built for agents, not just humans
While most prop firms ban automated trading, Propr is API-first. The platform provides a full REST API that allows autonomous trading agents to take challenges, get funded, and execute trades programmatically around the clock. With algorithmic trading already accounting for the majority of volume in equities, forex, and crypto derivatives, Propr is positioning itself as the first prop firm purpose-built for the agentic trading era.
“The prop firm model works. What doesn’t work is the trust model underneath it,” said Louis Regis, Founder of Propr. “We’re not asking traders to trust us. Every trade on your dashboard is labelled as A-booked or B-booked. A-booked trades are routed through Hyperliquid and verifiable onchain. That level of disclosure doesn’t exist anywhere else in the industry."
Alongside the prop firm, Propr has released a suite of free trading tools for its community, including multi-timeframe dip analysis, TWAP execution detection, correlation regime mapping, and a liquidation risk radar. An AI-powered backtesting tool, Backtestr.xyz, is also in development.
Community-aligned token model
Propr will introduce the PROPR token with a community-first allocation. Revenue allocation is split between growth and PROPR buybacks, with no dividends to the operating company. The token provides fee discounts, governance rights, and staking benefits within the platform. Propr is raising a $1.5M seed round at $17.5M FDV, with the majority of the round being allocated to its community via an onchain sale on March 26. Users can register for the sale here. KYC is required for participation. The seed round is not available to residents of the US, UK, Russia, or OFAC-sanctioned jurisdictions.
Built by XBorg
Propr is built by XBorg, a startup studio with a 25,000-member community that has raised $9 million from its community and built the leading fan engagement platform in esports, with clients including Team Liquid, G2 Esports, Cloud9, and Team Vitality. The founder, Louis, livestreams daily on Twitch, building the platform in public, discussing the market and executing trades for his $100K-$1M trading challenge.
Users can follow their progress on X or join their community on Discord.
About Propr
Propr is an onchain prop trading firm built on Hyperliquid, the highest-performance decentralised perpetuals exchange. The platform provides funded trading accounts across 200+ assets, including crypto, equity, and commodity perpetuals, with every trade labelled and A-booked trades verifiable onchain. Propr is built by XBorg, a startup studio backed by a 25,000-member community. For more information, visit our website.
Website | X | Discord | Docs | Rules
Media contact:
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Connor Kirsten
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connor@xborg.com
