135°E· the meridian Tokyo keeps time by
EQX gave Elysium America.Meridian gives it the world.
Synthetic exposure to Toyota, Nintendo, Sony, TSMC, Samsung, BMW and LVMH. Each one is a pool against HYPE on Meridian's own AMM, open 24/7, with a desk that runs on Tokyo time making the market.
Synthetic price exposure, not shares. No voting rights, no company dividends. Risk & legal
- sTOYOTAToyota Motor0.4013
- sNINTENDONintendo1.378
- sSONYSony Group0.5106
- sTSMCTSMC6.991
- sSAMSUNGSamsung Electronics1.102
- sBMWBMW2.069
- sLVMHLVMH13.437
Five home cities
Five clocks. One pool that never closes.
Meridian's seven companies list at home in Tokyo, Taipei, Seoul, Frankfurt and Paris. Their home exchanges keep hours. Meridian's pools don't: an AMM has no opening bell, so every market trades through every time zone, weekends included.
That gap is the product, and it's also the main risk. A price made while a home market sleeps can be far from where that market opens. How off-hours pricing works
How a price is made
The pool sets the price. The desk anchors it.
The pool
Every market is a constant-product pool pairing a market token with HYPE. Buys raise the price, sells lower it, and the reserves are the price. No oracle sits behind it.
The desk
Meridian's desk seeds every pool and trades it toward the company's home-market price, converted into HYPE. It acts only from addresses published on the Contracts page.
The gap
While a home exchange is closed, the pool keeps trading on traders' and the desk's judgment. When the home market reopens, the desk moves the pool toward it.
Where the money goes
Two loops, both on-chain.
Fees → buybacks
enforced by contract- Swap fee (HYPE)
- BuybackVault
- Buys $MRDN
- Burned
Every swap on every Meridian pool pays its fee in HYPE to the BuybackVault. The vault spends it buying $MRDN on the MRDN/HYPE pool and burns every token it buys. Liquidity providers, the desk included, take no share of fees.
- HYPE spent on buybacks
- —pre-launch
- $MRDN burned
- —pre-launch
Desk → stakers
funded by the desk- Desk (HYPE)
- Distributor
- Streams 7 days
- $MRDN stakers
Every Monday at 09:00 JST a distribution epoch opens. The desk funds it in HYPE, and the Distributor streams that amount to $MRDN stakers over seven days. The amount is set each week and can be zero. These aren't company dividends.
- Next Monday opening
- Mon, 16 Nov 2026 · 09:00 JST
- In
- 6d 00h 55m 33s
Synthetic, said plainly
Price exposure. Not shares.
A Meridian market token follows a company's price only as far as the desk's market-making keeps it there. Read what that means before you trade.
Risk & legalNo shares, no custody
Market tokens aren't shares and aren't backed by shares. No one holds shares for you.
No voting rights
No vote, no company dividends, no claim on any company or on the desk.
Prices can drift
No oracle ties a pool to its home exchange. A pool can sit above or below it.
Time-zone gaps
Pools trade while home markets sleep. That is the feature, and the sharpest risk.
Docs
Everything, written down.
Lightpaper
What Meridian lists, how its prices are made, and where the fees go.
How it works
The pools, the desk, the fee loop and the distribution loop.
The Tokyo Desk
The meridian, the candle, and a desk that keeps Tokyo hours.
Distribution Calendar
Weekly HYPE distributions to $MRDN stakers, kept on Tokyo time.
Tokenomics
$MRDN supply, fee buybacks, and the distribution flow.
Comparison
How Meridian's design differs from US-only stock platforms, including where they give holders more.