Ripple Prime Connects Institutions to Hyperliquid’s 24/7 Markets Through Swaps

Ripple Prime has begun offering institutional clients swaps linked to more than 100 traditional-asset perpetual markets.

The underlying contracts trade on Hyperliquid, but clients enter the swaps with Ripple Prime as their counterparty and can manage them alongside other positions held through the prime broker.London's trading industry is coming home!The launch comes as perpetual contracts tied to stocks, commodities and other traditional assets attract more trading activity.

Open interest across several major venues has risen from almost nothing to about $9 billion over the past year, Bloomberg reported.

In February 2025, Ripple acquired multi-asset prime broker Hidden Road and renamed it Rpple Prime.

The acquisition gave it access to Hyperliquid for on-chain derivatives, while the new product extends that connection to markets referencing traditional assets.

What Institutions Actually TradeInstitutions do not trade the Trade.xyz futures directly through this service.

Instead, they enter swaps with Ripple Prime, which acts as their counterparty.

The swaps follow perpetual futures listed by Trade.xyz on Hyperliquid, giving clients exposure to movements in traditional assets without ownership of those assets.

That exposure can be managed outside conventional market hours because the referenced futures trade around the clock.

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