Ripple’s institutional prime brokerage platform, Ripple Prime, announced that it had expanded its integration with the decentralized exchange (DEX) Hyperliquid to include HIP-3 symbols. Now, institutional clients will have access to onchain perpetual contracts for traditional assets (gold, silver, and oil) thanks to this joint.
Mike Higgins, CEO of Ripple Prime, described the integration as bringing “TradFi exposure” together with “DeFi infrastructure” under “one unified margin framework in your existing portfolio.” Now, institutions can hedge their decentralized derivatives exposure against their existing positions in traditional markets (which are already being offered by Ripple Prime), such as foreign exchange, fixed income, and over-the-counter (OTC) swaps.
Technical Details: Hyperliquid HIP-3
Hyperliquid Improvement Proposal 3 (HIP-3), which went active in October 2025, enables permissionless deployment of perpetual futures markets. To this point, builders must stake a total of 500,000 HYPE tokens, earning up to 50% of trading fees from the markets they establish. This upgrade also integrates hyperEVM for smart contracts and governance. Additionally, validator slashing and open interest caps provide security.
Since launch, there has been a significant impact with more than expected outcomes. Hyperliquid HIP-3 markets recorded a record daily trading volume of USD 5.4 billion, primarily driven by commodities: silver USD 1.3 billion), WTI crude oil (USD 1.2 billion), Brent crude (USD 940 million), and gold (USD 557 million).
Strategic Positioning
Following Ripple’s USD 1.25 billion acquisition of the prime brokerage firm Hidden Road, Ripple Prime launched in late 2025, now placing itself as an excellent bridge interconnecting traditional financial (TradFi) systems and decentralized economies.
Since launch, there has been a significant impact with more than expected outcomes. Hyperliquid HIP-3 markets recorded a record daily trading volume of USD 5.4 billion, primarily driven by commodities: silver USD 1.3 billion), WTI crude oil (USD 1.2 billion), Brent crude (USD 940 million), and gold (USD 557 million).
Token Overview
XRP and HYPE are down in line with the market trend, 2.34% and 3.47%, respectively. XRP is trading at USD 1,32 and HYPE at USD 36,89 at the time of writing.
Nevertheless, the newest integration builds on Ripple Prime’s initial Hyperliquid integration from February 2026, during which it became the sole counterparty for clients accessing Hyperliquid’s deep onchain crypto liquidity.
