diff --git a/hyperliquid/info.py b/hyperliquid/info.py
index 360d0588..11733961 100644
--- a/hyperliquid/info.py
+++ b/hyperliquid/info.py
@@ -47,6 +47,13 @@ def __init__(
             self.coin_to_asset[spot_info["name"]] = asset
             self.name_to_coin[spot_info["name"]] = spot_info["name"]
             base, quote = spot_info["tokens"]
+            # Skip pairs whose token indices are not in the tokens list.
+            # The HL API can return a universe/tokens pair that is briefly out
+            # of sync — a new spot pair referencing a token index not yet
+            # present in the tokens list. Without this guard, Info() raises
+            # KeyError and every client crashes until HL repairs the response.
+            if base not in token_by_index or quote not in token_by_index:
+                continue
             base_info = token_by_index[base]
             quote_info = token_by_index[quote]
             self.asset_to_sz_decimals[asset] = base_info["szDecimals"]
diff --git a/tests/test_info_spot_tokens.py b/tests/test_info_spot_tokens.py
new file mode 100644
index 00000000..fc0ea688
--- /dev/null
+++ b/tests/test_info_spot_tokens.py
@@ -0,0 +1,40 @@
+"""Regression test for Info.__init__ bounds check on spot_meta tokens.
+
+Background: when the HL API briefly returns a universe pair whose token
+index is not in `spot_meta["tokens"]`, Info.__init__ raises (KeyError after
+the dict-based refactor; IndexError before it) and every client crashes at
+startup. The fix skips such pairs so Info() can initialize for all valid
+pairs and stays useful until HL repairs the response.
+"""
+
+from hyperliquid.info import Info
+from hyperliquid.utils.types import Meta, SpotMeta
+
+EMPTY_META: Meta = {"universe": []}
+
+
+def test_info_init_skips_universe_pair_with_unknown_token_index():
+    # Tokens carry indices 0 and 1.
+    # Universe has one valid pair (BTC/USDC) and one malformed pair pointing at
+    # token index 5, which does not exist. Pre-patch this raised at startup.
+    spot_meta: SpotMeta = {
+        "tokens": [
+            {"name": "BTC", "szDecimals": 5, "weiDecimals": 8, "index": 0,
+             "tokenId": "0x" + "00" * 16, "isCanonical": True,
+             "evmContract": None, "fullName": None, "deployerTradingFeeShare": "0.0"},
+            {"name": "USDC", "szDecimals": 8, "weiDecimals": 8, "index": 1,
+             "tokenId": "0x" + "11" * 16, "isCanonical": True,
+             "evmContract": None, "fullName": None, "deployerTradingFeeShare": "0.0"},
+        ],
+        "universe": [
+            {"name": "BTC_USDC", "tokens": [0, 1], "index": 0, "isCanonical": True},
+            {"name": "@367", "tokens": [5, 1], "index": 1, "isCanonical": False},
+        ],
+    }
+
+    # Should not raise. Valid pair is registered; malformed pair is skipped.
+    info = Info(skip_ws=True, meta=EMPTY_META, spot_meta=spot_meta)
+    assert info.coin_to_asset["BTC_USDC"] == 10000
+    # Only valid pairs contribute to asset_to_sz_decimals.
+    assert info.asset_to_sz_decimals[10000] == 5
+    assert 10001 not in info.asset_to_sz_decimals