Ripple has announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives trading protocol Hyperliquid.
The integration gives Ripple Prime clients access to Hyperliquid’s perpetual on-chain liquidity while keeping margin and risk managed within Ripple Prime. The company said clients will be able to cross-margin exposures to decentralized financial derivatives, along with positions in other markets the platform supports.
Ripple Prime currently supports traditional assets including currencies, fixed income, over-the-counter swaps, and more. The platform acts as a single point of access for institutions managing multi-asset portfolios, offering centralized risk management and capital efficiency, Ripple said.
The integration is based 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.
Hyperliquid has attracted attention for its rapid growth to become the largest decentralized perpetual contract 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 trading of tokenized commodities, including silver futures, has attracted interest in the space and helped its HYPE token perform better during the ongoing sell-off. The platform is also targeting prediction markets.
Ripple launched its Prime platform in late 2025 following the acquisition of Prime brokerage firm Hidden Road for $1.25 billion.
