Can I add a hyperlink to a Studio board?

Yes it is possible to add a hyperlink to a Studio board. Add some text to the board using the Text or Headline option and then highlight the word (using a mouse or hand control). You will see a text editor pop-up. Select insert link or use the keyboard shortcut (Ctrl+K) and type the URL into the textbox.

The hyperlink will be active when you are in presentation mode.