Ripple Prime adds Hyperliquid onchain derivatives

Institutional traders are gaining new onchain access as ripple prime integrates Hyperliquid, expanding crypto derivatives tools within a single risk-managed environment.

Ripple Prime adds Hyperliquid decentralized derivatives access

Ripple has integrated the decentralized derivatives protocol Hyperliquid into its institutional prime brokerage platform, giving clients direct access to the exchange‘s onchain perpetuals liquidity. However, margin management and risk controls remain centralized inside Ripple Prime, preserving institutional workflows.

The company explained that clients will be able to cross-margin decentralized finance derivatives exposures alongside positions in other supported markets. Moreover, this setup aims to combine DeFi liquidity with traditional risk oversight, targeting professional portfolio managers.

Cross-margining across traditional and DeFi markets

Ripple Prime currently supports a range of traditional assets, including FX, fixed income instruments, over-the-counter swaps, and other products. The platform acts as a single point of access for institutions running multi-asset strategies, offering centralized risk management and enhanced capital efficiency for their portfolios.

With the Hyperliquid connection, institutional clients can now align cross margin crypto derivatives positions in decentralized markets with exposure in more familiar asset classes. That said, positions are still supervised within Ripple’s brokerage stack, which may appeal to firms needing consolidated reporting and compliance.

Hyperliquid’s rapid rise in decentralized perpetuals

Hyperliquid has quickly emerged as the largest decentralized perpetual contracts exchange, drawing attention from both crypto-native and traditional traders. As of mid-January, the platform had exceeded $5 billion in open interest and $200 billion in monthly trading volume, outpacing several competing derivatives venues.

Moreover, Hyperliquid has been expanding beyond perpetuals on major tokens into tokenized commodity trading and other experimental markets. This broader product set supports the strategic logic of the integration, as institutions explore alternative yield and hedging opportunities.

Expansion into commodities and prediction markets

The exchange’s recent surge in tokenized commodity activity, including silver futures, has helped its HYPE token outperform during the ongoing market selloff. However, the team is not stopping at commodities; the platform is also eyeing prediction markets as a new growth vertical.

These developments position Hyperliquid as more than a typical decentralized perpetuals exchange, potentially turning it into a multi-market DeFi trading hub. For institutions accessing it through Ripple Prime, this could translate into new instruments for both speculation and hedging.

Interoperability momentum and Flare’s role

The partnership builds on broader interoperability trends across digital asset markets. Earlier this year, Flare – a blockchain focused on interoperability – launched the first XRP spot market on Hyperliquid with the listing of FXRP. That said, Ripple’s latest move centers on derivatives access via its institutional platform rather than retail-focused spot trading.

This distinction underscores Ripple’s emphasis on professional capital, where consolidated collateral, prime services, and integrated clearing are often more important than isolated DeFi venue access.

Background on Ripple Prime and institutional strategy

Ripple launched its Prime platform in late 2025 following its $1.25 billion acquisition of prime brokerage firm Hidden Road. The deal laid the groundwork for a broader digital asset and multi-asset brokerage strategy targeting banks, funds, and trading firms.

Since launch, the service has been framed as a gateway for institutions to tap both traditional markets and crypto liquidity under a unified risk and collateral model. However, the Hyperliquid integration marks one of the clearest steps toward embedding decentralized markets directly into that prime brokerage environment.

Onchain perpetuals with centralized risk controls

Under the new setup, institutional traders can reach Hyperliquid’s onchain perpetuals liquidity while keeping risk, margin, and operations anchored in the same interface they use for FX and fixed income. This approach seeks to lower operational friction for allocators that want DeFi exposure without rebuilding their entire infrastructure.

Moreover, by enabling cross-margining of decentralized derivatives with traditional instruments, the model aims to improve capital efficiency, which is a central objective for any modern institutional prime brokerage.

Outlook for DeFi integration into institutional workflows

Industry observers see this kind of integration as a step toward deeper convergence between centralized finance and DeFi infrastructure. The move allows institutions to experiment with onchain perpetuals and newer products like tokenized commodities or prediction markets while maintaining established risk standards.

In summary, the Hyperliquid connection extends Ripple Prime’s role as an institutional access layer, linking traditional markets, digital assets, and emerging decentralized derivatives within a single, risk-managed prime environment.