Ripple announced that its prime brokerage platform for institutional investors, Ripple Prime, now supports the decentralized derivatives trading protocol HyperLiquid.
This integration will allow Ripple Prime customers to access Hyperliquid’s on-chain perpetual liquidity while managing margin and risk within Ripple Prime. The company said customers will be able to cross-margin their decentralized financial derivatives exposures alongside positions in other markets supported by the platform.
Ripple Prime currently supports traditional assets including FX, bonds, over-the-counter swaps, and more. Ripple says the platform will serve as a single point of access for institutions managing multi-asset portfolios, providing centralized risk management and capital efficiency.
This integration is based on increased interoperability within the space. Earlier this year, Flare, a blockchain focused on interoperability, launched its first XRP spot market on Hyperliquid with the listing of FXRP. Ripple’s announcement focuses on derivatives access through Ripple Prime rather than retail spot trading.
HyperLiquid is attracting attention for its rapid growth to become the largest perpetual contract decentralized exchange. As of mid-January, it had $5 billion in open interest and over $200 billion in monthly trading volume, outperforming several competing exchanges.
A recent surge in tokenized commodity trading, including silver futures, has sparked interest in the space and helped the company’s HYPE token outperform amid the continued selloff. The platform also focuses on prediction markets.
Ripple launched its Prime platform in late 2025 after acquiring prime brokerage firm Hidden Road for $1.25 billion.
