TL;DR
- Ripple integrated Hyperliquid into Prime, its institutional prime brokerage platform, adding onchain perpetual futures.
- Prime added Hyperliquid as an onchain venue, allowing decentralized derivatives trading alongside OTC swaps, fixed income, forex, and digital assets.
- The platform maintains a single counterparty structure and centralized risk management, integrating Hyperliquid orders into the prime brokerage workflow.
Ripple integrated Hyperliquid into Prime, its institutional prime brokerage platform, offering direct exposure to the onchain derivatives market through a perpetual futures DEX. The integration brings decentralized derivatives trading tools into the environment used by institutional clients to manage multi-asset positions.
Prime now operates with Hyperliquid as an onchain venue within its institutional infrastructure. Clients can trade decentralized perpetual futures alongside cleared derivatives, OTC swaps, fixed income, forex, and other digital assets already supported on the platform. All positions are managed under a cross-margin and unified capital framework.
The operating model maintains a single counterparty relationship between Ripple Prime and institutional clients. Orders executed on Hyperliquid are integrated into the standard prime brokerage workflow, providing centralized risk management and consolidated margining at the portfolio level. This structure removes the need for clients to directly manage wallets or onchain infrastructure.
Why Hyperliquid?
Hyperliquid operates as a decentralized perpetual futures exchange with an onchain order book. The protocol records daily trading volumes in the billions of dollars and maintains one of the deepest onchain order books in the perpetual derivatives market, covering a broad range of assets.
Ripple Expands Its DeFi Offering
Ripple confirmed that the integration is already live within Prime. Institutional clients can access Hyperliquid as part of their standard operating stack, while retaining the same custody, margin, and exposure control processes used across other supported markets on the platform.
Michael Higgins, International CEO of Prime, stated that the platform expanded its DeFi market coverage by incorporating onchain derivatives into the existing institutional framework.
The addition of Hyperliquid is part of Ripple’s broader expansion strategy. The company recently obtained a preliminary electronic money institution license in Luxembourg, strengthening its presence in regulated jurisdictions and its global institutional offering
