Ripple Announces Institutional Support for Hyperliquid

Ripple integrates Hyperliquid for its prime brokerage solution.

Hyperliquid seems to be the talk of the town lately, and Ripple just announced that its Ripple Prime brokerage platform will support the offender DEX. In other words, the company’s institutional clients will have access to on-chain derivatives while cross-referencing their decentralized finance exposure with all other assets backed by Ripple Prime.

These include cleared derivatives, OTC swaps, fixed income, forex and other digital assets.

According to according to the official release, “customers can access Hyperliquid liquidity while benefiting from a single counterparty relationship.”

Michael Higgins, the international CEO of Ripple Primer, spoke about this:

“At Ripple Prime, we are excited to continue leading the way in merging decentralized finance with traditional prime brokerage services, providing direct support for trading, yield generation and a broader range of digital assets. This strategic expansion of our prime brokerage platform into DeFi will improve our clients’ access to liquidity and deliver the greater efficiency and innovation our institutional clients demand.”

Ripple continues to expand its product offerings while working on licensing and regulatory issues globally. They recently obtained a provisional license for an electronic money institution in Luxembourg.

The move to integrate Hyperliquid into their prime brokerage solution also comes at a time when the decentralized perpetual futures exchange is attracting billions in daily volumes across a variety of assets, creating the deepest on-chain liquidity order book in the industry.