Ripple has announced that its institutional prime brokerage platform Ripple Prime now supports decentralized derivatives trading protocol Hyperliquid.
The integration enables Ripple Prime clients to access Hyperliquid’s on-chain perpetual liquidity while managing margin and risk within Ripple Prime. The company said clients will be able to take decentralized financial derivatives exposures across margin, as well as positions in other markets supported by the platform.
Ripple Prime currently supports traditional assets including FX, fixed income, OTC swaps, and more. Ripple said the platform serves as a single access point for institutions managing multi-asset portfolios, providing centralized risk management and capital efficiency.
This integration builds on growing interoperability in the field. Earlier this year, interoperability-focused blockchain Flare launched the first XRP spot market on Hyperliquid and listed FXRP. Ripple’s announcement focuses on derivatives trading through Ripple Prime, rather than retail spot trading.
Hyperliquid has attracted attention due to its rapid growth to become the largest perpetual contracts decentralized exchange. As of mid-January, its open interest exceeded $5 billion and its monthly trading volume exceeded $200 billion, surpassing several rival exchanges.
A recent surge in trading of tokenized commodities, including silver futures, has attracted interest in the space and helped its HYPE token outperform amid an ongoing sell-off. The platform also looks at prediction markets.
Ripple launched the Prime platform in late 2025 after acquiring prime brokerage firm Hidden Road for $1.25 billion.