Ripple announced the integration of Ripple Prime with Hyperliquid, enabling it to provide its institutional customers with direct access to on-chain perpetual futures, access to new markets, and XRP collateralization.
The integration, first announced in November 2025, unites two worlds that have coexisted somewhat in conflict until now. On one hand, it can be seen as a mature and proven institutional gateway, like Ripple Prime, with a high-performance on-chain derivatives ecosystem like Hyperliquid, which surpassed $2.9 trillion in trading volume in 2025.
In practice, Ripple Prime acts as an abstraction layer for institutional clients. It handles the technical and operational complexity so that companies can access Hyperliquid without needing to operate directly as on-chain counterparties. This is complemented by the use of Ripple’s compliance tools, designed to reduce legal and operational risks—a key point for regulated entities seeking exposure to on-chain markets without sacrificing controls.
On the Hyperliquid side, the proposal relies on a fully on-chain order book architecture, the creation of HIP-3 markets through HYPE staking, and the BLP Protocol. The latter is presented as a concrete response to liquidity fragmentation in DeFi, as it allows for multi-margin trading and native lending.
On January 7, 2026, Flare’s FXRP launched the first XRP spot market on Hyperliquid, expanding on-chain exposure to this asset. In parallel, Ripple added XRP and RLUSD as collateral options for professional clients within Hyperliquid, reinforcing the platform’s appeal to institutional players seeking to combine compliance, scale, and direct access to high-volume DeFi markets.
Ripple Prime and Hyperliquid integration timeline
The integration was announced in November of last year, amid greater legal clarity for Ripple. At that time, the company’s litigation in the US had been resolved favorably, the CLARITY Act was launched in January, and the market was validating XRP ETFs.
That’s why XRPL’s roadmap, tied to this institutional push, includes protocol-level features that are still pending. The XLS-65 and XLS-66 specifications are slated to introduce pooled lending and underwritten credit by the end of 2026, and privacy-oriented capabilities such as zero-knowledge proofs and confidential multipurpose tokens are planned for early 2026.
These features are presented as complementary, with lending expanding on-chain credit for institutional strategies, while the privacy tools aim to balance confidentiality with regulatory accountability.
For market participants, the integration increases XRP’s utility by enabling its use as collateral and as a tradable spot asset on an institutional DEX. Ultimately, this should attract capital that was previously held back.
