Key Highlights
- Ripple Prime has integrated Hyperliquid, allowing institutional clients access to on-chain derivatives liquidity.
- The integration aims to support its goal of bridging the gap between traditional finance (TradFi) and decentralized markets.
Ripple, a U.S.-based enterprise blockchain company, has announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives protocol Hyperliquid.
The integration, announced on Wednesday, allows institutional clients to access on-chain derivatives liquidity while cross-margining their decentralized finance (DeFi) positions with other asset classes such as crypto, foreign exchange, and more.
Merging DeFi with TradFi
With this collaboration, Ripple Prime aims to support its goal of bridging the gap between traditional finance (TradFi) and decentralized markets, providing institutions with access to DeFi venues within a framework.
Ripple Prime CEO Michael Higgins commented on the integration, saying, “At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services, offering direct support to trading, yield generation and a wider range of digital assets.”
He added that the strategic extension of Ripple Prime into DeFi is expected to enhance clients’ access to liquidity.
Recent developments and expansion
The integration comes just days after Ripple secured full approval for its Electronic Money Institution (EMI) license in Luxembourg, highlighting the company’s growing presence in Europe’s financial landscape. The approval allows Ripple to offer fully regulated payment services and issue electronic money across the EU.
Earlier this year, Ripple also launched Ripple Treasury, a treasury designed to modernize how companies manage, move, and deploy liquidity by replacing bank-centric systems with real-time, blockchain-based infrastructure.
Meanwhile, Hyperliquid recently announced the launch of HIP-4, a protocol that would allow outcome trading on its platform. The feature allows users to trade prediction markets and options-like contracts that are fully collateralized and settle within a fixed range. The protocol is supported by HyperCore, Hyperliquid’s main trading engine, and is expected to provide a safer option for users who want to avoid risky leverage trading.
Market activity
Following the announcement, Hyperliquid’s HYPE token traded around $33 on Wednesday, largely unchanged on the week. XRP was trading near $1.52 and has seen a drop of nearly 20% over the past week amid market volatility.
What it means
The integration reflects how institutional platforms are increasingly experimenting with direct access to decentralized markets. For Ripple, the move aligns with its broader push to expand regulated infrastructure across regions and asset classes. For Hyperliquid, the move places its derivatives offering in front of institutional investors seeking on-chain exposure without relying only on retail-focused venues.
