Ripple announced Wednesday that its institutional platform, Ripple Prime, now supports Hyperliquid, providing clients with access to the leading decentralized derivatives protocol.
The move marks Ripple Prime’s first DeFi expansion since the platform’s creation following Ripple’s $1.25 billion acquisition of Hidden Road.
With this integration, institutional clients can now access onchain derivatives liquidity through Hyperliquid while cross-margining DeFi exposures with other asset classes supported by Ripple Prime, including digital assets, FX, fixed income, OTC swaps, and cleared derivatives.
Clients can access Hyperliquid liquidity through a single counterparty relationship with centralized risk management and consolidated margin across their portfolios.
Hyperliquid currently supports XRP perpetual futures along with BTC and ETH products. The protocol’s HIP-3 feature enables stock and commodity perpetuals, with over 300 development teams building via HyperEVM.
Source: https://cryptobriefing.com/ripple-defi-integration-hyperliquid/
