Ripple announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives trading protocol Hyperliquide.
The integration allows Ripple Prime customers to access Hyperliquid’s on-chain perpetual liquidity while keeping margin and risk managed within Ripple Prime. The company said clients will be able to cross-reference exposures to decentralized financial derivatives, as well as positions in other markets supported by the platform.
Ripple Prime currently supports traditional assets which include currencies, fixed income, over-the-counter swaps, etc. The platform acts as a single point of access for institutions managing multi-asset portfolios, providing centralized risk management and capital efficiency, Ripple said.
Integration relies on increasing interoperability in space. Earlier this year, Flare, a blockchain focused on interoperability, launched the first XRP spot market on Hyperliquid with the listing of FXRP. Ripple’s announcement focuses on access to derivatives through Ripple Prime rather than retail spot trading.
Hyperliquide has gained attention for its rapid growth to become the largest decentralized perpetual contracts exchange. By mid-January, it had surpassed $5 billion in open interest and $200 billion in monthly trading volume, surpassing several rival exchanges.
Its recent surge in tokenized commodity trading, including silver futures, has fueled interest in the space and helped its HYPE token outperform during the ongoing sell-off. The platform is also eyeing prediction markets.
Ripple launched its Prime platform in late 2025 following its $1.25 billion acquisition of prime brokerage Hidden Road.
