Ripple adds Hyperliquid to institutional services: "First DeFi platform"

JOON HYOUNG LEE

Summary

Ripple Prime said it will add Hyperliquid (HYPE) to its institutional services support platform.
With this integration, Ripple Prime clients will be able to access the on-chain derivatives market and manage investment positions in assets such as foreign exchange and bonds, it said.
Ripple Prime’s CEO said that combining DeFi with prime brokerage services will expand support for digital assets and enhance the efficiency required by institutions.

Ripple, the issuer of XRP, has added Hyperliquid (HYPE) to its institutional services.

According to The Block on the 4th (local time), Ripple Prime announced that it will add Hyperliquid to its list of supported platforms. This marks the first time a DeFi platform has been included among Ripple Prime’s supported services.

The Block reported that “with this integration, Ripple Prime clients can access Hyperliquid’s on-chain derivatives market,” adding that “clients can also manage investment positions in other assets such as foreign exchange and bonds within the same platform.”

Michael Higgins, CEO of Ripple Prime Global, said, “(With this integration) combining DeFi with prime brokerage services will allow us to provide direct support for a wider range of digital assets,” adding, “By strategically expanding services into DeFi, we will be able to improve client access and further strengthen the efficiency required by institutions.”

XRP

HYPE