Ripple Prime integrates Hyperliquid, enabling institutional clients to access onchain derivatives while managing crypto, FX, and fixed income exposures.
Ripple has expanded its institutional offering by integrating Hyperliquid into Ripple Prime. This is the first time the platform has been used directly to support a decentralized finance venue. According to a Ripple Prime spokesperson, the move gives clients access to onchain derivatives markets while managing broader portfolios in a single prime brokerage framework.
Ripple Prime Expands Access to DeFi Markets
The integration can be used by Ripple Prime clients to trade onchain derivatives by Hyperliquid. Clients have access to maintain these positions on the same prime brokerage platform. At the same time, they can monitor exposure in other classes of assets. These include centralized crypto markets, foreign exchange and fixed income.
Ripple Prime is Ripple’s institutional prime brokerage platform. By supporting Hyperliquid, it is adding decentralized derivatives to its offerings. Hyperliquid is a so-called high-performance decentralized derivatives protocol. Therefore, institutions are given access to the liquidity onchain via a familiar framework.
Clients can also use cross-margining between asset classes. DeFi exposures can be margined with digital assets, FX, fixed income, OTC swaps and cleared derivatives. As a result, the capital efficiency improves. Operational complexity is also decreased.
Ripple Prime focused on the benefits of a single counterparty structure. This makes the settlement and reporting process easier. Centralized risk management is still in place. Consolidated margining benefits clients by having the ability to manage portfolios more efficiently.
Michael Higgins, Ripple Prime International CEO commented on the development. He said the integration boosts the connection between decentralized finance and traditional prime brokerage services. He added that the move is in support of trading, yield generation and access to more digital assets.
Institutional Interest in DeFi Continues to Grow
Higgins said institutions require efficiency and innovation. Therefore, taking Ripple Prime further into DeFi is in support of evolving client needs. The Hyperliquid integration enhances the liquidity access. It also maintains institutional level controls.
Ripple Prime said the move is a reflection of its commitment to quality liquidity venues. The platform already supports centralised markets. Now, decentralized markets are brought under the same structure. This helps to produce a more unified trading experience.
Institutional participation in DeFi has been on the rise. However, risk and fragmentation issues persist. Ripple Prime hopes to solve such problems. It offers expandable access to sophisticated trading infrastructure, and remains capital efficient.
In addition, Hyperliquid provides onchain deep derivatives liquidity. By integrating it, Ripple Prime adds value to its derivatives capabilities. Clients are exposed to decentralized access without leaving a regulated environment.
In a larger sense the integration points to a shift in the industry. Traditional financial platforms are also taking more steps to include access to DeFi. Ripple Prime is a company that falls in between both worlds. This strategy is helpful for institutions dealing with changing digital markets.