Ripple Prime, Ripple’s institutional liquidity and trading platform, announced that it has expanded its integration with decentralized derivatives platform Hyperliquid. According to the announcement, the integration has been updated to now include HIP-3 tokens, giving institutional investors access to perpetual futures contracts based on traditional assets such as gold, silver and oil.
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Mike Higgins, who leads business development and customer relationship management at Ripple Prime, described the development as “an important step for institutional investors.” Higgins noted that with the expansion of the Hyperliquid integration, HIP-3 assets have also been included on the platform, making it possible to access traditional financial (TradFi) assets through a decentralized financial (DeFi) infrastructure.
The new integration allows investors to trade both cryptocurrencies and traditional asset derivatives within their existing portfolios using one unified collateral structure. So Ripple Prime wants to offer a hybrid trading infrastructure that brings together the TradFi and DeFi worlds.
*This is not investment advice.