Ripple expanded the functionality of its institutional platform, Ripple Prime, by integrating decentralized derivatives exchange Hyperliquid.
The Ripple team, one of the largest providers of institutional blockchain solutions, announced that its platform for over-the-counter (OTC) spot crypto trading, Ripple Prime, began supporting Hyperliquid, one of the leading decentralized derivatives exchanges.
The integration will allow institutional clients to access Hyperliquid’s liquidity. They’ll be able to open positions on the crypto exchange and use them within a unified collateral system alongside other assets supported by Ripple Prime, including:
- digital assets;
- foreign exchange (FX) assets;
- fixed-income instruments;
- OTC swaps;
- cleared derivatives.
According to Michael Higgins, International CEO of Ripple Prime, the Hyperliquid integration enables clients to maintain a single counterparty relationship, centralized risk management, and consolidated collateral across their entire asset portfolio. This approach, he said, simplifies collateral management and reduces costs when operating across both traditional markets and decentralized trading platforms.
Higgins also noted that the expansion of Ripple Prime reflects the company’s ambition to bridge decentralized finance with traditional prime brokerage services, while meeting growing institutional demand for direct access to blockchain liquidity, trading, and yield-generating instruments.
In April 2025, Ripple acquired prime broker Hidden Road, and in November 2025, the company launched the Ripple Prime brokerage platform based on it.
Hyperliquid controls more than 70% of open interest in the decentralized perpetual contracts market. The exchange’s popularity is also confirmed by interest from centralized exchanges. For example, BitMEX recently launched a feature that allows copying trades from leading Hyperliquid traders.
