Ripple opens Wall Street’s door to Hyperliquid’s $59 billion trading market
Summary
Ripple Prime announced 24/7 institutional swaps referencing more than 100 traditional markets through perpetual contracts listed by Trade.xyz on Hyperliquid. Ripple provides cross-asset margining and may accept RLUSD as collateral, while the contracts settle separately in USDC. The service operates through Ripple’s British Virgin Islands entity, with other regions planned. Weekend synthetic prices may help track market reopenings, but can diverge and create margin or hedging risks. Ripple has not disclosed client volumes, margin terms, haircuts or how positions will be hedged. RLUSD is collateral, while XRP is not part of the announced settlement or collateral arrangements.
