Ripple Prime, Ripple’s institutional prime brokerage platform, now integrates Hyperliquid, a high-performance decentralized derivatives protocol.
The integration is designed to give institutional clients direct access to onchain derivatives liquidity while maintaining the capital efficiency and risk controls of a traditional prime brokerage.
Unified margining for DeFi
A key feature of this integration is the ability for clients to cross-margin their DeFi exposures on Hyperliquid against other asset classes supported by Ripple Prime. This includes digital assets, FX, fixed income, OTC swaps, and cleared derivatives.
By consolidating these positions, Ripple Prime aims to offer a “capital-efficient” framework where institutions can access decentralized liquidity without managing separate, fragmented collateral pools. Clients benefit from a single counterparty relationship and centralized risk management across their entire portfolio.
Michael Higgins, international CEO at Ripple Prime, commented: “At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services… This strategic extension of our prime brokerage platform into DeFi will enhance our clients’ access to liquidity, providing the greater efficiency and innovation that our institutional clients demand.”
The move underscores Ripple’s broader strategy to bridge the gap between traditional finance (TradFi) and the emerging decentralized finance (DeFi) sector. As institutional interest in DeFi grows, platforms like Ripple Prime are racing to provide the necessary infrastructure—scalable access, robust controls, and compliance—to make these markets viable for large-scale players.
Hyperliquid is recognized as a leading venue for decentralized derivatives, offering high performance and deep liquidity onchain. Its inclusion in Ripple Prime’s offering signals a commitment to supporting best-in-class venues across both centralized and decentralized markets.