Ripple announced Wednesday that its institutional platform, Ripple Prime, now supports Hyperliquid, giving customers access to the leading decentralized derivatives protocol.
The move marks Ripple Prime’s first DeFi expansion since the platform’s inception following Ripple’s $1.25 billion acquisition of Hidden Road.
With this integration, institutional clients can now access on-chain derivatives liquidity through Hyperliquid, while cross-linking DeFi exposures with other asset classes supported by Ripple Prime, including digital assets, FX, fixed income, OTC swaps and cleared derivatives.
“At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services, providing direct support for trading, yield generation and a broader range of digital assets,” said Michael Higgins, International CEO of Ripple Prime.
“This strategic expansion of our prime brokerage platform into DeFi will improve our clients’ access to liquidity, delivering the greater efficiency and innovation our institutional clients demand,” Higgins added.
Customers have access to hyperliquid liquidity through a single counterparty relationship with centralized risk management and consolidated margin for their portfolios.
Hyperliquid currently supports XRP perpetual futures along with BTC and ETH products. The protocol’s HIP-3 feature enables perpetual stocks and commodities, with more than 300 development teams building through HyperEVM.