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 onchain perpetuals liquidity, while managing margin and risk inside Ripple Prime. The company said clients will be able to cross margin decentralized finance derivative exposures alongside positions in other markets supported by the platform.
Ripple Prime currently supports traditional assets that include currency, 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 growing 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 derivatives access through Ripple Prime rather than retail spot trading.
Hyperliquid has drawn attention for its rapid growth to become the largest decentralized exchange with perpetual contracts. As of 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 trades, including silver futures, has attracted interest in the space and helped its HYPE token outperform during the ongoing sale. The platform also looks at prediction markets.
Ripple launched its Prime platform in late 2025 following its $1.25 billion purchase of prime brokerage firm Hidden Road.
