MIKE
D2D
CEO
HYPE
Ripple Prime expanded its integration with Hyperliquid to include onchain perpetual contracts tied to commodities like gold, silver, and oil. Announced by CEO Mike Higgins, the update introduces HIP-3 symbols, allowing institutional clients to access decentralized derivatives while managing positions alongside traditional assets within a unified margin framework.
The update builds on Ripple Prime’s earlier integration with Hyperliquid in February 2026. Initially, the platform enabled institutional access to crypto-based perpetual markets.
Now, support for HIP-3 symbols extends that access into traditional commodity markets. According to Mike Higgins, this adds new exposure without requiring separate systems.
Institutions can trade commodity derivatives directly onchain while maintaining positions in existing portfolios. This removes the need for multiple wallets or fragmented collateral structures.
As a result, users avoid direct interaction with smart contracts while still accessing decentralized markets.
Ripple Prime allows institutions to manage decentralized and traditional positions within a single framework. This includes foreign exchange, fixed income, and over-the-counter swaps.
As a result, users can offset risks across asset classes without moving funds between platforms. This unified structure reduces operational friction in multi-market strategies.
Higgins noted that the system combines traditional finance exposure with decentralized infrastructure. This approach keeps portfolio management centralized while expanding asset access.
The model also aligns with institutional requirements for simplified workflows and consolidated reporting.
Hyperliquid has grown into the largest decentralized perpetual trading platform. It currently holds over $5 billion in open interest.
Additionally, monthly trading volume on the platform exceeds $200 billion. This scale supports deeper liquidity for both crypto and commodity derivatives.
Meanwhile, Ripple Prime launched in late 2025 following Ripple’s $1.25 billion acquisition of Hidden Road. The platform continues to expand its institutional offerings.
According to available details, Ripple Prime aims to connect traditional financial systems with decentralized markets through integrated trading infrastructure.
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