Ripple Prime Integrates Hyperliquid to Unlock Institutional Onchain Derivatives

• Ripple Prime is now linked to Hyperliquid, enabling institutional clients to gain access to onchain derivatives liquidity and risk management.
• Hyperliquid’s margin portfolio upgrade, live on the pre-alpha testnet, supports spot and perpetual trades in a single balance.

Ripple has added support for Hyperliquid to Ripple Prime, its institutional prime brokerage platform, to provide clients with direct access to onchain derivatives liquidity through a single account. The company said the connection allows institutions to trade on Hyperliquid while managing exposure alongside other products already available through Ripple Prime, such as digital assets, FX, fixed income, OTC swaps, and cleared derivatives.

The firm described the rollout as a way to let professional trading desks use unified margin across venues. Clients can post collateral once and manage risk centrally while keeping a single counterparty relationship through Ripple Prime. According to Ripple, this structure is intended to reduce operational steps that often come with separate wallet management and venue-by-venue collateral.

Ripple Prime was formed following Ripple’s acquisition of Hidden Road, a deal previously reported at $1.25 billion. The platform has grown since then to cover treasury tools and regulated services. Alongside brokerage services, as earlier reported, Ripple has obtained an Electronic Money Institution license, allowing it to operate as a regulated financial entity across the European Union. That regulatory approval supports institutional access to services such as Ripple Prime.

How the Ripple Prime Hyperliquid Integration Helps Customers 

The Hyperliquid integration also aligns with recent protocol developments. As earlier reported, Hyperliquid introduced a margin portfolio feature, currently live on its pre-alpha testnet. The upgrade consolidates spot and perpetual trading under the same margin system, enabling positions to be controlled under the same balance. This design fits in with the cross-margin model of Ripple Prime, which supports several asset classes on a single account platform.

Ripple executives stated that the integration enables trading, yield generation, and broader digital asset exposure without requiring institutions to manage direct DeFi infrastructure. On X, Ripple noted that customers can now access Hyperliquid liquidity in a “streamlined and secure way,” while efficiently cross-margining crypto with other supported assets. The company framed the update as part of expanding institutional participation in onchain markets.

Crypto market observers were quick to comment on the development. One X user wrote that the integration provides institutions with unified margining and risk management under a single prime brokerage relationship. Another user observed that the move is more of an intermediation upgrade than a price-driven signal, citing information on enhanced absorption of trading flow.

Despite the announcement, the XRP price has fallen by over 10% to trade at $1.47 at press time.