Ripple announced on Wednesday that its institutional platform, Ripple Prime, now supports Hyperliquide, providing customers with access to the leading decentralized derivatives protocol.
The move marks Ripple Prime’s first DeFi expansion since the platform’s inception following Ripple’s acquisition of Hidden Road for $1.25 billion.
With this integration, institutional clients can now access on-chain derivatives liquidity through Hyperliquid while leveraging DeFi exposures with other asset classes supported by Ripple Prime, including digital assets, currencies, fixed income, OTC swaps, and cleared derivatives.
“At Ripple Prime, we are excited to continue to lead 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, Global CEO of Ripple Prime.
“This strategic expansion of our prime brokerage platform into DeFi will improve our clients’ access to liquidity, delivering the increased efficiency and innovation that our institutional clients demand,” added Higgins.
Clients can access hyperliquid liquidity through a single counterparty relationship with centralized risk management and consolidated margining across their portfolios.
Hyperliquid currently supports XRP perpetual futures as well as BTC and ETH products. The HIP-3 functionality of the protocol enables perpetual stocks and commodities, with over 300 development teams created through HyperEVM.
