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Institutions & ETFs · 1 min read

Ripple Prime Integrates Hyperliquid for Institutional DeFi Derivatives

The institutional prime broker added support for the decentralized venue, enabling cross-margining across digital assets, FX, and fixed income.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$HYPE $81.69 +4.0%

At a glance Announced

What happened
Ripple Prime enabled platform support for decentralized derivatives protocol Hyperliquid, permitting institutional access to onchain liquidity.
Why it matters
Institutional traders can cross-margin DeFi derivatives against FX, fixed income, OTC swaps, and other digital assets under a single counterparty.
Who is affected
Institutional clients of Ripple Prime and traders utilizing Hyperliquid derivatives venues.
Takes effect
February 4, 2026
What's next
No next step announced.
Primary source
ripple.com: Ripple Announces Support for Hyperliquid, Expanding Institutional Access to Onchain Liquidity

Key points

  • Ripple Prime enabled support for decentralized derivatives protocol Hyperliquid 1.
  • Clients can cross-margin Hyperliquid exposures with FX, fixed income, OTC swaps, and digital assets 1.
  • The integration provides unified risk management and a single counterparty framework for institutional DeFi trading 1.

Ripple Prime, the institutional prime brokerage platform operated by Ripple, expanded its venue coverage to include decentralized derivatives protocol Hyperliquid 1. The integration allows institutional clients to access onchain derivatives liquidity through Ripple's platform while maintaining a single counterparty relationship and centralized risk management 1.

Under the new support, market participants can cross-margin decentralized finance exposures on Hyperliquid with other asset classes offered by Ripple Prime 1. Supported cross-margined classes include digital assets, foreign exchange, fixed income, over-the-counter swaps, and cleared derivatives 1. The move follows the firm's broader push into institutional products, including when Ripple Prime Launches Delta One Desk for US Equities and Crypto Derivatives.

Unifying DeFi and Traditional Clearing

Michael Higgins, International CEO of Ripple Prime, stated that the expansion into decentralized trading venues aims to provide direct support for trading, yield generation, and broader digital asset access while meeting institutional demands for capital efficiency 1. The brokerage framework allows clients to consolidate margin requirements across their entire portfolio rather than segregating capital for onchain trades 1.

At the time of writing, Hyperliquid's native token $HYPE traded at $81.40, while wider crypto markets held a total valuation of $2.74T. Ripple stated that the support is intended to offer scalable access to decentralized infrastructure while preserving conventional prime brokerage risk controls 1.

Sources

  1. [1] Ripple Announces Support for Hyperliquid, Expanding Institutional Access to Onchain Liquidity — ripple.com, October 16, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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